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TMB- Car Loan

TTo buy New/second hand - Car / Four Wheelers for personal or professional use.

Term Loan

  • Up to Rs.150.00 lakh for New Vehicle.
  • For Purchasing Second hand Cars - restricted up to Rs.15.00 Lakh.

Individual / HUF / Partnership Firm / Limited Company / Trust Individuals

Margin :

  • 15 % of “on Road Price” for New Vehicle.
  • For Second Hand Cars - 30% of the Purchase Value or Market value, whichever is lower.

Repayment :

  • 5 Years Equated Monthly Instalment.

Security :

  • Hypothecation of Vehicle to be financed

Interest :

Fees & Charges

  • 1% of the Limit Sanctioned without any maximum cap.