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