Vehicle Loans
We are offering loans for the purpose of purchasing of new or second-hand motor vehicles covering all types of personal and commercial vehicles for any purpose. Our focus is on catering to small road and water transport operators, small businesses, professionals and self-employed persons and service enterprises coming under small and micro enterprises. Repayment of the loan is done in equated monthly instalments. Borrower can opt for post-dated cheques / Standing Instruction / direct cash remittance as a method of re-payment.
Quantum
- 2 wheelers – 60% of cost of vehicle (only new vehicles)
- New vehicles – 4 wheelers)– up to 75 % of Body & accessories cost (remaining amount as margin)(only new vehicles)
- Second hand motor vehicles – vehicles aged below 5 years only and in good running condition – up to 50% of the present value (certified by competent person)
