Vehicle Loans

Purpose

Purchase of two/four wheeler vehicles(not requiring heavy duty license ). For purchase of used/second hand 2 and 4 wheeler. (age of the vehicle not to exceed 3 years)

Eligibility

• Resident Indian citizen and Non-Resident Indians (NRIs) holding valid license.
• Minimum age - 18 years and maximum age - 70 years.
• Individual, either singly or jointly with other family members viz. father, mother, son, spouse or daughter as co-applicants.
• Companies / Firms for purchase of vehicle for usage by their Directors / employees

Quantum of Loan

Loan type	Maximum quantum of loan
New 4-wheeler	Rs. 00 Lakh
Old 4-wheelers (not older than 3 years)	Rs. 00 Lakh
New 2-wheeler	Rs. 00 Lakh

Payment

Repayment period	Maximum repayment tenure
New 4-wheeler	0 years
Old 4-wheelers (not older than 3 years)	0 years
New 2-wheeler	0 years