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Who can Borrow Individuals ,Firms, Companies
Purpose Convenient scheme for purchase of Cars.
Margin For personal use – 10% (on Cost +Registration charges +Insurance)
For commercial - 25% (on Cost +Registration charges + Insurance)
40% for used cars.
Security Hypothecation of Car to be purchased
Repayment (a) Max 60 months
(b) 36 months for used cars.
Processing Charges 1 % + service tax as applicable from time to time.
Attractive Features Competitive Rate on daily reducing. No Prepayment penalty
Documentation Charges As applicable
  • Individuals employed/engaged in business/having professional income and sound financials.
  • Invoice from the Authorized dealer.

*Conditions Apply

Monthly Payment EMI:

* Conditions Apply
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