Vehicle Loan (Personal use)
Purpose
Purchase of brand new two wheeler/four wheeler vehicle for personal use.
Who are eligible : All Individuals.
Loan amount
70% of cost of Brand new vehicle intended to be purchased, as per quotation (subject to repayment capacity of the borrower).
Security
- Hypothecation of vehicle (hypothecation clause in favour of Bank will have to be got included in the Registration Certificate of the vehicle purchased out of Bank finance).
- Third party guarantee.
Repayment Maximum in 36/60 EMIs.
