Vehicle Loan

Features :

(1) We give loan for any type of Vehicle.

Eligibility :

(1) Salaried individuals who have at the time of loan application attended the age of 22 years and maximum age at the termination of loan should not be 58 years subject to establishment of satisfactory repayment.

(2) Self employed professionals (viz. doctors,engineers,architects,chartered accountants, company secretary etc.)who have at the time of loan application attended the age of 25 years and maximum age at the termination of loan should not be 58 years

(3) Self employed non-professional(businessmen) who have at the time of loan application attended the age of 25 years and maximum age at the termination of loan should not be 58 years

Loan Amount :

70% of invoice value excluding Insurance, RTO charges etc.

Maximum Period of Loan :

1) Two-Wheeler - 3 Years

2) Four-Wheeler and Above - 5 Years

Security :

Hypothecation of vehicle

Process Fee :

Loan Amount	Process Fee
Below Rs. 10 Lac	0.50% of Loan Amount
Above Rs. 10 Lac To Below Rs. 25 Lac	0.75% of Loan Amount
Above Rs. 25 Lac To Below Rs. 50 Lac	1% of Loan Amount
Rs.50 lakh and Above	1.25% of Loan Amount

 

Interest Rate :

Amount	Interest Rate
Upto Rs. 5 Lakh	09.50 %
Above Rs. 5 Lakh	9.50 %