Loan Account

Vehicle Loan
Ride The Best Car..

Drive Your Dreams..

A Car loan is a personal loan that allows the potential buyer to pay the vehicle off in monthly payments instead of having to pay full price all at once. These loans are typically structured as instalment loans and are secured by the value of the vehicle being purchased.


Features & Benefits

  • Rate of Interest : 9 %(Personal)
    Rate of Interest : 12 %( Commercial)
  • Repayment Period : 60 Monthly Instalments
  • Loan Limit : 75% value of the new vehicle
  • SMS Alerts for transactions,EMI due date reminder
  • Monthly E-Statement Facility
  • EMI Instalment payment facility at any branch

Eligibility

  • Salaried Individual in permanent employment.
  • Professionals or Self Employed persons.

Documentation

  • Proof of Residence - Electricity Bill / Telephone Bill / Passport / Aadhar Card
  • Proof of Identity - Aadhar / PAN Card
  • Proof of Income - Salary Slips / Last 3 years Balance Sheets or Income Tax Returns.
  • Passport Size Photograph.
  • Performa Invoice(New Vehicle).
  • Comprehensive insurance with Bank Clause
  • Bank’s charge to be registered with RTO
  • Blank Transfer Forms

Security

  • Hypothecation of vehicle purchased.
  • Two Sureties.
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