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Vehicle Loan

Type of Facility Vehicle Loan (Two Wheeler)
Maximum amount Rs.0.50 lakhs
Rate of interest
  • 12.00% p.a. up to Rs.5.00 lakhs
  • 12.50% p.a. above Rs.5.00 lakhs
Wide Circular no : daz-Qk¼46½ ckuklcSad@ljdqyZj@2017&18@11223&35@fnukad 06-09-2017
Maximum repayment period 60 months
Margin 75% on value of Performa invoice / Quotation
Eligibility Professionals, businessman, salaried employees and self employed
Purpose To purchase two wheeler
Shareholding/Membership Contribution 2.50% of loan amount.
Guarantors Two guarantors as acceptable to the Bank. (With good net worth)
Type of Facility Vehicle loan (Four Wheeler for personal use)
Maximum amount eligibility subject repaying capacity/ 75% on value of Performa
invoice / Quotation /60% Value of Property which over less
Rate of interest
  • 10.00% p.a. for Three years
  • 10.50% p.a. for above Three Years
Maximum repayment period 60 months
Margin 25% on value of Performa invoice / Quotation
Eligibility Professionals, businessman, salaried employees and self employed
Purpose To purchase Four wheeler
Shareholding/Membership Contribution 2.50% of loan amount.
Guarantors Two guarantors as acceptable to the Bank. (With good net worth)