- 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
This is preliminary calculation and is not the final offer
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