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Eligibility

Share Member of the bank.

Purpose

For the purchase of a new vehicle (four-wheeler) for personal use.

Amount

90% Of The Invoice Value Incase of New Vehicle*

Margin

10% of the ex-showroom price of the new vehicle.

Repayment

48/60 equated monthly installments.

Processing Fees

As per Banks Guidelines*

Rate of Interest

Interest will be applicable as per the Bank's prevailing Interest rates and scheme terms. click here

Disbursement

Direct to the dealer along with margin money.

Security

Hypothecation of the vehicle.

Guarantors

Two guarantors acceptable to the bank.