Car Loan

Eligibility

• All Individuals between age of 21 years to 65 Years with minimum steady income of Rs.3,00,000/-.

Purpose

• For Purchase of Four wheeler vehicle for personal/family use.

Quantum of finance

• Min. Rs.2,00,000/- max. Rs.25,00,000/-

Margin

• Upto 15 lakh - 15%
• Above 15 lakh – 20%

Security

• Hypothecation of vehicle financed by bank.
• Third party guarantee having sufficient net worth securing loan amount.

Repayment Period

• Minimum term 37 months.
• Maximum term 84 months.

Moratorium

• No moratorium period.

Rate of Interest

Processing Charge/Upfront Fee