V – Wheels (Two Wheelers)
Purchase of New Two Wheelers.
Individuals aged between 21 and 70 years.
Permanent Employee of State/Central Govt., Public/Joint Sector Undertaking, Private Establishment or Reputed Company.
Pensioners drawing pension through our bank.
Professionals/Self Employed persons having independent income.
Loan Amount :
85% of the cost/invoice of new vehicle.
100% of the cost/invoice for new vehicles:
Extending loan to the extent of 100% of the cost of the vehicle is permitted in case of all category of borrowers who have availed various loans by mortgaging their land and building irrespective of salaried or non-salaried class after maintaining requisite margin on existing exposure by taking continuing security of immovable property subject to satisfactory track record in repayment / conduct of existing account/s.
Continuing charge is to be created as per State Acts / HO guidelines
Rate of Interest :
Click Here for Rate of Interest
Repayment Period :
Maximum : 60 months