SV Vehicle Loans

Wheels for Commercial and Personal Needs

Personal Banking > Loans > Car Loans > SV Vehicle Loans

Late night drives, impromptu trips, sudden buddy plans & roadside dinner parties; what do these have in common? A car! Fulfil your dream of owning your own vehicle of happiness with SVC's Vehicle Loans!

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
Prerequisites
  • Individuals employed/engaged in business/having professional income and sound financials.
  • Invoice from the Authorized dealer.