- For purchase of a new vehicle.
- For purchase of 2nd hand vehicle not more than 5 years old.
- 80% of the Vehicle Cost in case of New Vehicle
- 60% of the Vehicle Cost in case of Old Vehicle
CEILING ON LOAN AMOUNT:
Loan amount depends on an adequate monthly net disposable income.
RATE OF INTEREST:
- Chattel mortgage of the vehicle to be purchased.
- Personal guarantee of one or more persons with an aggregate net worth twice the loan amount.
- The maximum repayment period is 36 months
- Repayment facility available under Equated Monthly Installments (EMI)
As per card rate.