Vehicle Loan ( Two, Three & Used)
| Purpose for Buying Vehicles | Purchase of New Two,/Three wheeler, Used four Wheeler |
| Who can Eligible | Salaried employees, Businessmen, professional self-employed and Commercial Vehicle for business purpose. |
| Loan Amount | 80 % of Quotation of vehicles (Basic price + R.T.O. charges) |
| Margin | 20 % |
| Used vehicle up to three years- 50 % to 70 % of Valuation | |
| Repayment Period | Two Wheeler, Three Wheeler – Maximum 36 months Used Four Wheeler – Maximum 48 months. |
| Processing fee | NIL |
| Guarantee | One/Two guarantor possessing property and also Income tax-payer. |
| Security | Hypothecation of Vehicles |
| Share Linking | 2.5% of Sanction loan amount |
| For Nominal Member | Nominal membership fees – Rs.25/- Limit up to 1 lacs Deposit Amount – Rs.1000 |