We are Offering 100% Waiver of Processing Charges for Housing Loan, Vehicle Loan till 31.03.2023 We are Offering Concessional Interest Rate to Women Borrowers on Housing Loan till 31.03.2023 Eligibility Permanent Employment in a... A Government Office A Public Sector Undertaking A Reputed Private Enterprise or A Self-employed Professional The loan can be applied for in the name of the firm or company. Non Resident Indian can also apply (For NRIs subject to condition of obtaining a suitable guarantee from Resident Indian acceptable to the Bank) Income Eligibility In confirmed service with a take home pay of more than 50% of the gross salary, after PF and Insurance deductions The total monthly income of the applicant including that of spouse and other income should be not less than Rs. 8000/- in the case of loan for purchase of car and Rs.5000 in the case of loan for purchase of 2-wheeler. Purpose For buying a new or used car (not more than 5 years old) or new two-wheeler Loan Amount New Car: Upto 90% of the cost of the car Used Car: Upto 75% of the market value of the car New Two-wheeler: 90% of the cost of the vehicle or 10 times the gross monthly income or Rs. 60,000/- whichever is lower Rate of Interest Retail Credit Interest Rates (Click here) Repayment New Car: Repayable in 84 equated monthly installments Used Car: Flexi repayment shall be fixed with a maxiumum of 84 months, less age of the vehicle New Two-wheeler: Repayable in 72 equated monthly installments Security Hypothecation of the vehicle purchased The Banks lien on the vehicle should be marked in the R.C. book Vehicle should be insured for the full value with the bank clause Download the application Processing Charges: Waived off till 31.12.2022. Documents An application form Salary certificate, IT return or assessment order as a proof of income Quotation/proforma invoice - for a new car/ new two-wheeler Valuation certificate from two reputed auto dealers - for used car Download the application Vehicle Loan Application Form (Click here)
We are Offering 100% Waiver of Processing Charges for Housing Loan, Vehicle Loan till 31.03.2023
We are Offering Concessional Interest Rate to Women Borrowers on Housing Loan till 31.03.2023
Eligibility
Permanent Employment in a...
A Government Office
A Public Sector Undertaking
A Reputed Private Enterprise or
A Self-employed Professional
The loan can be applied for in the name of the firm or company.
Non Resident Indian can also apply
(For NRIs subject to condition of obtaining a suitable guarantee from Resident Indian acceptable to the Bank)
Income Eligibility
In confirmed service with a take home pay of more than 50% of the gross salary, after PF and Insurance deductions
The total monthly income of the applicant including that of spouse and other income should be not less than Rs. 8000/- in the case of loan for purchase of car and Rs.5000 in the case of loan for purchase of 2-wheeler.
Purpose
For buying a new or used car (not more than 5 years old) or new two-wheeler
Loan Amount
New Car: Upto 90% of the cost of the car
Used Car: Upto 75% of the market value of the car
New Two-wheeler: 90% of the cost of the vehicle or 10 times the gross monthly income or Rs. 60,000/- whichever is lower
Rate of Interest
Retail Credit Interest Rates (Click here)
Repayment
New Car: Repayable in 84 equated monthly installments
Used Car: Flexi repayment shall be fixed with a maxiumum of 84 months, less age of the vehicle
New Two-wheeler: Repayable in 72 equated monthly installments
Security
Hypothecation of the vehicle purchased
The Banks lien on the vehicle should be marked in the R.C. book
Vehicle should be insured for the full value with the bank clause
Download the application
Processing Charges: Waived off till 31.12.2022.
Documents
An application form
Salary certificate, IT return or assessment order as a proof of income
Quotation/proforma invoice - for a new car/ new two-wheeler
Valuation certificate from two reputed auto dealers - for used car
Vehicle Loan Application Form (Click here)