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Vehicle Finance

It extends loans for purchase of new vehicles and used vehicle, loan will be considered up to 60% of the ex-showroom price and loan is sanctioned for the purchase of a new two, three and four wheeler vehicle, the time for sanction of a loan is usually 3-4 days from the date of submission of the complete documents.

  • Quick disbursal
  • Available for a wide range of vehicle (Two wheeler, Four wheeler)
  • Stress-free loan sanction without mortgaging of land
  • Easy and flexible documentation
  • General Eligibility Criteria:

  • Age Criteria:The applicant should be above 18 years old at the time of application, and upto 58 years of age at the time of maturity of the loan.

  • Tenure of Loan:

  • The tenure of the loan may vary from 12 to 36 months, depending upon the nature of the deal and the repayment capacity.
  • Repayment can be made through post-dated cheques (PDCs)/ECS or through Auto-Debit.
  • A full pre-payment of the loan is accepted. Part pre-payment is not allowed.

  • Documents required:

  • KYC Documents
  • Income proof to support repayment of loan