Eligibility of the Borrower :

• Borrower must be a member of the Bank.
• Have good reputation and credit worthiness.    

Purpose of Loan :

•  To  Purchase New or Old Vehicle

Margin Money :

• 15% of Cost of Vehicle as per the Quotation (Showroom Price + Accessories)

No. of EMIs (For Vehicle Loan) :

• 48 to 60 months

Rate of Interest :

• 8.00 %

Guarantors :

• One Guarantor  (who holds property)

Share Linkage :

• As per the Bank’s Rules

Security :

• Hypothecation  of Purchased Vehicle