VEHICLE LOAN
PURPOSE
For purchase of four wheelers / Car / Jeep etc.
QUANTUM OF LOAN
For new vehicles: = 85% of on road price or 24 times of monthly net take home salary - Whichever is less.
For used vehicle: = not older than 5 years = 50% of value of vehicle or 2 years net income - whichever is less.
REPAYMENT
Within 60 months in EMI for non-agriculturists &12 Equated Half yearly installments for Agriculturists.
Eligibility / Security / Margin etc
Please visit your nearest branch.