- Maximum permissible LTV (Loan to Value) Ratio is 80% of ‘on road price’ of the vehicle.
- Low Processing Fee.
- Repayment up to 5 years.
- Fixed Rate of Interest (Current Rate of Interest:- 08.50%).
- No hidden charges.
- Purchase of new passenger cars, Multi Utility Vehicles (MUVs) and Sports Utility Vehicles (SUVs).
- Vehicle loan can be availed by salaried individuals, self employed individuals, Professionals, Businessman, proprietary/partnership firms and others who are income Tax assesses.
- Minimum Age: 21 years
- Maximum Age: 60 years.
Documents required (applicable to all applicants):
- Loan Application: Loan application form duly filled in affixed with 2 passport size photographs.
- Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card.
- Proof of Residence/Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Passport/ Voters ID card/ Aadhar Card.
- Proof of Income: Latest Salary slip with Form 16.
NOTE: For more details please CLICK HERE.