Vehicle Loan(Personal Use)

Purpose:

•  Purchase of brand new two wheeler/four wheeler vehicle for personal use.

Who are eligible : All Individuals.

Loan amount

90% of cost of Brand new vehicle intended to be purchased, as per quotation (subject to repayment capacity of the borrower).

Security

•  Hypothecation of vehicle (hypothecation clause in favour of Bank will have to be got included in the Registration Certificate of the vehicle purchased out of Bank finance).
•  Third party guarantee.

Repayment Maximum in 60 EMIs.