Loan can be availed by individuals for personal use :

• Purchase of Brand New 4-Wheeler including Jeep, Vans-Both.
• Purchase of Pre-Owned 4-Wheeler, not older than 3 years.
• Purchase of New Electrical 4-Wheeler.

Individuals may apply singly or jointly with other eligible individuals.

Loan can also be availed by Companies / Firms for professional use i.e. purchase of vehicle for usage by their Directors / employees.

• No upper Limit.
• For Pre owned cars max Rs.50 Lakh (subject to required margin norms).

• 0.25% on the loan amount with a Minimum of Rs. 1,000/- & maximum of Rs. 5,000/-
• Bank is celebrating Retail Loan Festival and waiver of 100% processing charges from 01.09.2023 to 31.12.2023

Maximum period: 84 months for new vehicles.
60 months for Preowned vehicles.,/p>

• Margin for new vehicle
*Accessories can be financed limited up to Rs. 25,000/- amount.

Loan Amount	Margin for Central/State Govt/Autonomous bodies/PSU Emp.	All other customer
Up to Rs.10.00 Lakh	10%	10%
Above Rs.10.00 Lakh and up to Rs. 25.00 Lakh	10%	15%
Above Rs. 25.00 Lakh	20%	20%

• Margin for Pre-owned vehicle Maximum Loan quantum of Rs.50.00 lakh (after maintaining a minimum margin of 50%).

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.

• Salaried Individuals Minimum gross salary of Rs 3.00 Lakh p.a.
• Other than Salaried Individuals Minimum gross annual income of Rs.3.00 Lakh p.a. as per latest ITR/ITAO subject to 3 years Gross Average Annual Income of not less than Rs. 2.50 Lakh.

With subject to the satisfactory credit worthiness in respect of firms/companies by their net worth, repaying capacity, etc.