Vehicle Loan

Conditions

• Bank will give loan up to 85% of quotation.
• Applicant has to take insurance of full value of vehicle in favour of bank.
• The Loan for two wheelers will be repaid with interest in 36 to 60 equal monthly instalments.
• Applicant have to pay margin amount to the bank. Bank will issue Banker cheque of full amount in the name of dealer.
• Applicant have to submit Xerox copy of invoice, receipt, insurance policy, RTO book showing Bank’s lien recorded with RTO.
• Applicant has to take share @ 2.5% to 5.0% of the limit.
• The processing charges from 50 Rs. to 250 Rs. will be levied on sanction.