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Eligibility

Nominal member of the bank.

Purpose

For the purchase of a new vehicle (two-wheelers) for personal use.

Amount

Maximum Rs.1,00,000/-

Margin

As per Banks Guidelines*

Repayment

24 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. Otherwise, the original margin money receipt should be obtained.

Security

Hypothecation of the vehicle.

Guarantors

One guarantor acceptable to the bank (outside the family guarantor is compulsory).