Private Car

car

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