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Products & Services » Advances » Car Loan
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Car Loan Scheme
For acquiring Car, Van, Jeep etc. for personal use.
Eligibility
For persons having assets and income enough for regular repayment of the advance. Documentary evidence of income should be submitted.
Quantum of Finance
80% of Invoice Value and road tax. Invoice Value includes Excise duty, Sales tax etc. but excludes insurance, registration and other incidental charges.
Rate of Interest
Security
Hypothecation of the Vehicle.
Guarantee
Two person with good means, if collateral security is not offered. Guarantee of spouse should be given preference.
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