| Monthly EMI: | 0.00 |
| Total Loan Amount: | 0.00 |
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All individuals or Joint borrowers. Business Concern.
Within 3 days after submission of all the necessary documents.
For individual it is Maximum Rs. 100.00 lakh. For Business Concern – Need Based
Maximum Tenure of loan is 7 years or upto age of 70 years in case of Salaried person and 65 years for other than salaried. No age limit for loan to business concern.
For purchase of New Car – 15% of on-road price and 10% of on-road price in case of tie-up with car manufacturer/dealer. For old vehicle – 25% of on-road price.
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Valid KYC documents i.e Voter ID, Aadhar Card, PAN Card, or any other valid ID/Address Proof.
Income proof i.e last three year ITR, Latest Salary Slip in case of salaried person.
The detailed check list can be provided at specific request from the applicant at his/her email ID.
No minimum Credit Information Company (CIC) score is prescribed, However, If CIC score is good then bank will offer better rate of interest.
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There is no pre-payment charges of Retail Loans under floating rate option.
EMI Table can be referred
Takeover from other Bank/NBFC is permitted.
Guarantee acceptable to the Bank in case of Gross Monthly salary/pension/income is less than Rs. 50000/-
Or
No guarantee required for permanent employees of Central Govt./ State Govt./ PSBs/MNCs/ Listed companies of BSE or NSE whose shares are actively traded and quoted above par irrespective of income
Reimbursement is permitted if Car is purchased from own sources and invoice is not more than 3 month old.
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