Product Features:

• 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.
• No hidden charges.

Purpose:

• Purchase of new passenger cars, Multi Utility Vehicles (MUVs) and Sports Utility Vehicles (SUVs).          

Eligibility:

• 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.

For more details, Please Visit your nearest branch.