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.

 

             NOTE: For more details please CLICK HERE.