Vehicle Loan

  • Loan available for purchasing new and used four wheeler vehicles and Two wheeler vehicles for own used and commercial purpose
  • Rate of investment 12% on daily reducing balance for old vehicles and 11% for purchase of new vehicles.
  • 1% Extra for Commercial Vehicles.

Special Features:

  • Minimum Documents
  • Fast Processing of Loan
  • Immediate Loan Sanction
  • Both Term loan and Over draft facility available

New Vehicle Loan Interest Rate

Interest Rate Loan Amount Minimum Loan Amount Maximum Period of Term Note
  • 11.00%
  • (Up to 85% of the Vehicle cost subject to Exposure Limit)
  • 5 Years/ 60 Months

Used Vehicle Loan Interest Rate

Interest Rate Loan Amount Minimum Loan Amount Maximum Period of Term Note
  • 12.00%
  • Up to Rs.20 Lakhs
  • 5 Years/ 60 Months