Due to economic development and availability of variety of vehicles in the market, it has become a way of life.
It leads to comfort of life and helps a person in his profession . Realizing this need of the person, the Bank has designed a loan scheme called “Car Loan Scheme“.
Purpose:-
To purchase a four wheeler
Loan Limit:- 8 Lac.
Period of Loan:-
Maximum 5 years
Rate Of Interest:-
Please Contact Your Nearest Branch.
Margin:-
New Car/Jeep/Van – 10% of invoice Value (Purchased from Authorized Dealer) – + RTO one time taxes
Security:-
Hypothecation of the vehicle to be purchased.
Guarantee:-
One or two depending on the size of credit facility
*Conditions Apply