A Vehicle Loan is a loan that allows you to purchase two and four wheelers for personal use. Typically, the lender loans the money (making a direct payment to the dealer on the buyer's behalf) while the buyer must repay the loan in Equated Monthly Instalments (EMIs) over a specific tenure at a specific interest rate.

• Eligibility: Any Individual Shareholder.

• Purpose: For purchase of New/Old vehicle ( 2/3/4 Wheelers).

• Loan Amount: As per quotation 75% to 80%.

• Rate of Interest: 11% EMI Mode. (Interest rate 16% if interest installment is not paid on time.)

• Repayment: 120 Month.

• Security: Hypothecation of vehicle to be purchased.

• Processing Fees: As per bank policy.

• Eligibility Loan Amount: Ex-showroom price + RTA Charges + Accessories cost

• Guarantor: one/ two guarantor.

• Other: In case of Resale vehicle, age of vehicle should not be more than five years. All other terms and conditions are as per Bank Policy.