Car Loan

Car Loan

Purpose

For purchase of 4 wheeler for private use only.

Eligibility

Salaried Employees/Businessmen having regular source of income.

Security

Hypothecation of Vehicle

Term of Repayment

Maximum of 84 months

Margin

Minimum of 10%

Rate of Interest


 Period of Repayment  Rate of Interest
Above 3 years8.35% p.a at monthly rest
Above 3 years to 5 years
8.75% p.a at monthly rest
 Above 5 years to 7 years   9.25 p.a at monthly rest

 

The new rate shall be applicable to all fresh loans availed from 17.08.2017 for purchase of a new car.

For further details about the scheme you may visit  any of the Branches or call Branch Manager.

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