STAR VEHICLE LOAN - ENTITIES OTHER THAN INDIVIDUAL

  • Purchase of light personal vehicles not requiring heavy duty driving license viz; Jeeps, Vans etc
  • For purchase of Water vehicles such as Motor Boats / Boats / Sports Boats and other water vehicles for personal use
  • Vehicles powered by non-conventional energy, such as electronic / battery operated small vehicles for urban transport provided not registered with RTO can be financed subject to specified curtailed limits of advance preferably with collateral security.
  • Maximum limits No Maximum Limit
  • (Can be multiple personal vehicles, registration of vehicle as personal and not to be used for commercial)
  • Maximum repayment tenure :- Max. 84 months.
  • Maximum quantum up to 90% for New vehicles only

Advantages

  • Maximum Limit: No Limit
  • More than one vehicle can be considered within the above limits, provided the first account is in order Hypothecation charge is duly registered and repayments are regular.
  • No hidden charges
  • No prepayment penalty
  • Minimal documentation
  • Up to 90%financing
  • High Network of dealers.
  • Reimbursement of cost of four wheeler vehicle purchased from own sources subject to specified conditions.

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

  • Companies, Partnership firms, Proprietary concern and other types of corporate entities.
  • Maximum Loan Amount: Know Your Eligibility

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

Rate of Interest

  • Starting from 8.85%
  • ROI is linked with CMR, Internal Or External Rating
  • ROI is calculated on daily reducing balance.
  • For more details;Click here

Charges

  • For New Four Wheeler Loan / Water vehicle Loan - 0.25% of limit, Min Rs. 1000/-, Max. Rs. 5000/-.
  • For New Two Wheeler Loan / 2nd hand vehicle (both 2/4 wheelers) - 1% of the Loan amount, Minimum Rs. 500/- and Max. Rs. 10000/-

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

For other than Individuals

  • PAN Card copy of Company/Firm
  • Regd. Partnership Deed/MOA/AOA
  • Certificate of incorporation as applicable
  • Account statement for last 12 months
  • Firm’s Audited Financials for last 3 years

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

₹ 60,00,000
36 Months
10
%

This is preliminary calculation and is not the final offer

Maximum Eligible Loan Amount
Maximum Monthly Loan EMI
Total Re-payment ₹0
Interest Payable
Loan Amount
Total Loan Amount :
Monthly Loan EMI

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Star-Vehicle-Loan---Entities-other-than-Individual