Vehicle Loan

Type Rate of Interest Tenure
New Vehicle 9.50% p.a. 5 Years
Second Hand Vehicle 10.50% p.a. 3 Years
Commercial Vehicle 12.00% p.a. 5 Years

Features & Benefits

  1. Financial Assistance on basis of salary or Professional income.
  2. Low cost, No Prepayment Charges.
  3. Guarantee based loan.
  4. Repayment through Cheque/ECS.
  5. Loan Limit Up to 75% of the Invoice Value, Maximum Rs.75.00 Lakhs.
  6. Repayment period upto 60 Months.

Eligibility

  1. Applicant having/ ready to have membership & having confirmed services with salary slip (ITR & Business Proof for Businessmen).
  2. Applicant should have adequate income available for installment.

Required Documents

  1. Residential/ ID / Income Proofs/Salary Slip with form 16/Photos of Borrower & 2 Guarantors.
  2. Bank Statement (ITR & Business Proof for Businessmen).
  3. Quotation of Authorised Dealer.
  4. Project report for Commercial vehicle.

Apply for Loan

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