Vehicle loan

Now avail your dream car with our fast vehicle loan facility. We also provide loan facility for second hand used vehicle (four wheelers only)

  • Loan Limit : 80% of Quotation (including Insurance & Tax Amount) Maximum Loan Amount Rs.3 Lakhs for Two-wheelers & Rs.40 Lakhs for Four-wheelers
  • For old Four Wheeler vehicle : 70% of valuation of amount (within 2 years old vehicle only) and 50% to 60% of Valuation (for vehicles above 2 years old) or maximum Rs.15 lakhs
  • Loan Tenure Duration :

    For New Two-wheeler Vehicles – 60 Months & For Battery vehicles – 36 Months

    For New Four-wheeler Vehicles – 84 Months & For New Battery Vehicles – 60 Months

    For old Four Wheeler Vehicles – 60 Months

For Salaried Persons:
  • i. Employees of reputed and financially sound organization.
  • ii. Salary undertaking from the Company

For Businessmen & Professionals :
  • Business should have establishment of minimum of 3 years.

Documents :
Duly filled form with :
  • Income Proof of Applicant & Guarantor
  • Residential Proof of Applicant & Guarantor
  • Original Quotation / Invoice
  • KYC of Applicant and Guarantors
  • PAN Card of Applicant & Guarantor
Prime Security :
  • Purchased vehicle to be hypothecated in Bank’s name.
Guarantors :
  • Two Financial strong Guarantors Required
  • One Upfront EMI, Franking Charges, Insurance of vehicle, etc
  • Borrower & Guarantors :

    Regular Membership fees @ 2.5% of loan amount

    Regular Membership – For Loan Amount above Rs. 1 Lakh