Loan Page

Vehicle Loan

Title	Norms
Purpose	Acquiring travel/carriage vehicles, including two-wheelers, for personal use and business use.
Maximum Loan Limit	Rs. 10,00,000
Maximum Repayment Period	120 months (10 years)
Repayment Mode	Monthly
Rate of Interest (p.a.)	10.00% to 11.50%
Penal Interest	2% extra for the default amount
Eligibility	A Class Membership is required.
Security	Personal Surety : Maximum Rs. 50,000 Employee Surety : Maximum Rs. 1,00,000 Property : Maximum Rs. 40,00,000
Document Required	Quotation from dealer and Property Documents.