Vehicle Loan

Eligibility

a) Individuals in permanent service or having their own business whose gross monthly income along with that of the spouse is at least double of the monthly installements.
   
Purpose of Loan
For purchase of new Car/Van/Jeep

Amount of Loan
For Individuals - 30 times the net monthly salary/income.
For Business Concern - Need Based

Margin Money
Minimum 25%

Interest Rate
9.50% per annum (Subject to change)

Security
Registration of vehicle in Bank's name.

Repayment
In 60 to 84 Equated Monthly Installements(EMI)