Vehicle Loan
| Purchase of vehicle for personal or commercial use | ||
| Loan amount | As per the bank’s prevailing policy. | |
| Eligibility | Loan available to salaried person, self-employed, professionals and businessman | |
| Margin | 25% for new vehicle and 50 % for old vehicle | |
| Tenure | Maximum 60 months | |
| Guarantors | Two guarantors with sound net-worth acceptable to the bank | |
| Security | Hypothecation of purchased vehicle and collateral security is required | |
| Interest Rate | As per the bank’s prevailing policy | |
| Processing Charges | Decided by bank from time to time | |
Visit nearest branch for any additional information.
