Vehicle Loan

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Car Loan

Buy your dream car as per your choice, we give dream loans at special reasonable rate of interest @ 8.50% p.a for new vehicles and 11.00 % for pre owned vehicle (no hidden charges, no prepayment charges, no preclosure charges)
(Conditions apply)

Two-Wheeler Loan

Avail two wheeler loans at a special reasonable rate of interest @ 8.50% p.a (no hidden charges, no prepayment charges, no preclosure charges)
(Conditions apply)

Our Vehicle Loan is designed to help you purchase the car of your dreams, whether it’s a new or used vehicle. With competitive interest rates, flexible repayment options, and a hassle-free application process, owning a car has never been easier.

Key Features:

  • Loan Amount: Get financing up to 80% of the on-road price for new vehicles and up to 70% for used vehicles.
  • Interest Rates: Attractive and competitive interest rates.
  • Tenure: Flexible repayment tenure ranging from 12 to 84 months.
  • Fast Processing: Quick approval and disbursement process to get you on the road faster.
  • Minimal Documentation: Simple and minimal documentation required.
  • Prepayment Options: Flexibility to prepay the loan without hefty penalties

Eligibility Criteria:

  • Age: Applicants must be between 21 and 65 years old.
  • Income: Stable and verifiable income.
  • Employment: Salaried or self-employed individuals with a minimum of 1 year of employment or business continuity.
  • Credit Score: A good credit score to ensure smoother approval.

Required Documents:

  • Proof of Identity: Passport, Aadhar card, PAN card, or any government-issued ID.
  • Proof of Address: Utility bills, rent agreement, or any valid address proof.
  • Income Proof: Salary slips, recent ITR, bank statements, and form 16 for salaried individuals. For self-employed, financial statements and bank statements.
  • Vehicle Details: Proforma invoice of the vehicle to be purchased.
  • Other Documents: Passport-sized photographs and a duly filled application form.

How to Apply:

  • Check Eligibility: Ensure you meet the eligibility criteria.
  • Gather Documents: Collect all the required documents.
  • Apply Online or Offline: Fill out the application form online or visit our branch.
  • Verification: Our team will verify your documents and application.
  • Approval and Disbursement: Upon approval, the loan amount will be disbursed directly to the vehicle dealer.

Benefits:

  • Easy Ownership: Drive your dream car with affordable monthly installments.
  • Flexible Repayment: Choose a repayment plan that suits your financial situation.
  • Wide Range of Vehicles: Finance available for a wide range of new and used cars.
  • Dedicated Support: Get assistance from our dedicated customer service team throughout the loan process.
  • Tax Benefits: Avail tax benefits on interest payments as per prevailing laws.

Conditions Apply:

  • Terms and conditions as per the bank’s policy.
  • Loan approval is subject to the bank’s discretion based on eligibility and document verification.

For more information or to apply for a Vehicle Loan, please visit our website or contact our customer service team.