| Eligibility |
- Salaried Individuals in permanent employment
- Professionals & self-employed persons
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| Sanction Limit |
- 'Vehicle Loans below Rs.8.00 Lakhs – 90 % of on road price (Small Car)
- Vehicle Loans above Rs.8.00 Lakhs – 85 % of on road price (Premium Mid Segment Car)
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| Repayment
period |
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| Rate of interest |
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| Security |
- Hypothecation of vehicle purchased
- Minimum One Guarantor
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| Documents
Required |
- Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill
- Proof of Income - Latest Salary Slip or last 3 years Balance Sheet or Income Tax Returns
- Proforma invoice (for new vehicle)
- Comprehensive Insurance with Bank clause
- Bank’s charge to be registered with RTO
- Blank Transfer Forms
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