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Vehicle Loan

SVC Car Loan keeps pace with your need for speedy car finance

Key Features
Make your dream car come true

Why keep the plan to purchase a new car on hold, when you have the perfect Loan Partner right here? Whether it is for the daily commute to office, enjoy exciting long drives or to take amazing family vacations, now is the opportunity for you to opt in for SVC Car Loan and make the most of its attractive rate of interest.

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Easy EMIs

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Attractive rate of interest

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Quick approvals 

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Personalised service

Benefits Image

Other Benefits

  • Purpose: Purchase of a New Car / Electric car
  • Loan Amount: Maximum INR 750 Lakhs*
  • Margin:
    • For personal use: 10% (on Cost + Registration Charges + Insurance)
    • For commercial: 25% (on Cost + Registration Charges + Insurance)
    • For used cars: 40% 
  • Repayment:
    • New Car: Maximum 60 months
    • Used car: Maximum 60 months*
  • Security: Hypothecation of the Car to be purchased

*Terms & conditions apply

Eligibility

  • Salaried, Self-employed Professionals, Business Groups - Proprietary Firms, Partnership Firms, LLPs, Pvt. Ltd. Companies, Women and Transgenders

FAQ

Vehicle Loan can be availed for purchase of a new Two Wheeler / Four Wheeler / Electric cars

Yes, loan for vehicle being purchased for commercial purposes will also be financed

Yes, SVC Bank finances used / second hand vehicles as well

Vehicle loan of maximum INR 750 Lakhs can be availed.

Terms & conditions apply

Margin on vehicle loans is as follows:

  • For personal use: 10% (on Cost + Registration Charges + Insurance)
  • For commercial: 25% (on Cost + Registration Charges + Insurance)
  • For used cars: 40%

Repayment tenure for new cars is maximum 60 months whereas for used cars is maximum 60* months

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