...Imagine the excitement of owning a car..... the luxury, the thrill....
For buying new or used four wheeler
Vehicle Loan Eligibility
All individual borrowers / professionals / reputed firms / companies are eligible. However HUF is not eligible.
Salaried individuals should have a minimum gross salary of Rs.3.00 lacs p.a. Minimum NTH after proposed installment should not be less than 25% or Rs.12,000/- whichever is higher.
Other than salaried individuals should have a minimum Gross Annual Income of Rs.3.00 lakh p.a. as per latest ITR/ITAO OR should have a minimum Gross Annual Income of Rs.3.00 lakh p.a. as per latest ITR/ITAO subject to 3 years’ Annual Average Gross Income not less than Rs.2.50 lakh.(in case if they are engaged in business/profession for more than 3 years). Minimum NTH after proposed installment should not be less than 25% or Rs.12,000/- whichever is higher.
We also finance used cars (not older than 3 years) at the same low interest rates. We finance 60% of the agreed price or 60% of the value of the car or 60% of the original value of the vehicle, as assessed by an automobile engineer or Rs. 50.00 Lakh whichever is lower
In convenient Equated Monthly Instalments upto 84 months ( 60 months in case of second hand vehicles ). So, step into any of our branches and drive away your dream car.
Processing Charges
0.25% on the loan amount with a minimum of Rs.1000/- and maximum of Rs.5000/-.
Bank is celebrating Retail Loan Festival and waiver of 50% processing charges from 12.04.2023 to 31.08.2023
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.