Vehicle Loan
- Applicant :Any Individual (Single/Jointly)/ Pvt. Ltd. Co.
- Purpose :For purchase of New/Old vehicle ( 2/4 Wheelers)
- Loan Amount : As per Demand. (Ex-showroom price)
- Repayment : 5 to 7 years inclusive of 1 month moratorium period.
- Security : Hypothecation of vehicle.
- Documents : Duly filled Loan Application Form Pro-forma Invoice of the Authorized Dealer For other documents & Check Add. Information
- Other : Insurance of vehicle/Assets charged to the Bank
Commercial Vehicle
- Applicant : Any Individual (Single / Jointly) / Firm / Legal Entity.
- Purpose : For purchase of New/old vehicle ( not more than 5 years old)
- Loan Amount : As per Demand. (Ex-showroom price)
- Repayment : 60 months to 84 months
- Security : Hypothetical of vehicle Two Guarantors.
- Immovable security need to be provided.
- Documents : Duly filled Loan Application Form Pro-forma Invoice of the Authorized Dealer For other documents & Check Add. Information
- Insurance : Insurance of vehicle/Assets charged to the Bank
- Rate of interest 1% extra for Commercial Vehicle
| Sr no. | Loan Type | Loan Interest Rate |
| 1 | Vehicle Loan (Two / Four Wheeler for Personal Use) | 9% |
| 2 | Vehicle Loan (Two / Four Wheeler for Business Use) | 11% |