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.
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