Benefits

Objective

To offer hassle free vehicle loan to existing Home Loan Borrowers

Purpose

Purchase of car/ two wheeler for personal use.

Eligibility

All existing home loan borrower accounts where the loan has run for minimum 3 years (excluding moratorium period) without a single default in EMI.

Age Of Applicant

Same as in Vehicle loan scheme Click Here

Type Of Facility

Term Loan

Security

Hypothecation of vehicle to be purchased

Insurance

Vehicle to be comprehensively insured and cost to be borne by borrower.

Assessment Of Limit

90% of On road price of Car/ two wheeler, Maximum Rs. 10 lacs

Special Features

No pre-sanction/ Fresh Income proof required.

Maximum Repayment Period

  • Four Wheelers : 100 months
  • Two Wheelers. : 84 months

Rate Of Interest

Click Here

Processing Charges

Click Here

Prepayment Charges

Nil

Above are only salient features of the scheme. For details please contact nearest branch

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