Important Links/Sites 
Personal Vehicle Loan -
Adding wheels to your dreamPurpose
For purchase of all types of Cars, Jeeps, Small Vans, two wheelers, three wheelers etc.
Both brand new and pre-owned vehicles except two wheelers.
In the case of pre-owned vehicles, the age of the vehicles should not be more than 2 years.
Pre-owned Two Wheelers are not eligible under the schemeFeatures & Benefits
Lowest rate of Interest.
Low processing charges.
Quick sanction.
Loan repayment upto 84 months.
No gurantors required(Spouse will be guarntor) .Eligibility
Individuals including NRIs/ Firms/ Companies, who are having sufficient income to meet the repayment commitments
Income of the spouse or children may also can be taken into account for calculating the eligible amount of loanLimit & Margin
90% of the cost of vehicle.
70% of purchase consideration /insured value /value assessed by Automobile Engineer/ Insurance Surveyor, whichever is lower.
The vehicle considered for finance should be lien-free.Security
Hypothecation of Vehicle
& Guarantee / Co obligation of a credit worthy person
Hypothecation of Vehicle
Equitable Mortgage of landed property of value not less than 150% of loan amount / Equivalent secuity of Approved securities.Repayment
Two Wheeler : Within 60 months in EMI
Four Wheeler : Within 84 months in EMI
To be repaid within a maximum period of 60 months or up to the appraised economic life of the vehicle as per the valuation cum road worthiness certificate, whichever is earlierInterest Rates & Charges
For Loan interest rates click here
