Achieve Your Dreams Quickly Add pace to it, through our Vehicle Loan.

Car Loan is available for :

• Purchase of New / Old Car
• Commercial Vehicles
• Two Wheelers

TERMS AND CONDITION

Eligibility
Salaried persons, professionals and business people, with qualifying income and required repayment capacity. Reputed firms and corporates are also eligible.

Minimum Employment
1.For Service Persons Total – 3 yrs
2.Current – 2 yrs
3.Others – 3 yrs

Minimum Annual Income
4W - Rs.3.50 lac for salaried, Rs. 2.00 lac for others 2W – Rs. 2.00 lac (Income of spouse can be included if joins as Co-applicant)

Maximum amount
4W – Rs.15.00 lac 
2W – Rs.0.50 lac 
Salaried - 18 times Gross Pay 
Professionals - 1.50 times of average annual Income as per their last three Balance - Sheet/ P & L account or last years income whichever is less.

Security:
Hyp. of Vehicle

Guarantor
Two Guarantor acceptable to Bank

Margin :
15% for new vehicle.
50% for second hand 4 wheeler up to 3 yrs

Repayment
Repayment is done through Equated Monthly Installments (EMIs) comprising both principal and interest. Servicing of EMI would be through
• Post Dated Cheques (PDCs)
• Standing Instruction
• ECS 4W(New) 84 Months

2W 60 Months
2nd 4W 60 Months

Insurance
Compulsory