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.