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Car Loan

Accelerate your dream of owning a car..

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS/ Post-dated cheque / Standing Instruction
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium
  • FastTag Available

Purpose

  • Purchase of new or second-hand car

Eligibility

  • Salaried / Professional / Businessmen

Quantum of loan

  • New Car : Maximum Rs.100 Lakhs (90% of the Invoice Value)
  • 2nd Hand Car : Maximum Rs.25 Lakhs (70% of purchase / sale agreement value or amount of valuation report, whichever is lower)

Rate of Interest

  • 6.99 % p.a. Onwards for purchase of New Car
  • 11.00 % p.a. for purchase of Second Hand Car

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Proforma Invoice of an authorised dealer
  • Proof of margin money

Security

  • Hypothecation of vehicle to be financed

Repayment

  • Up to 7 Years

Conditions Apply

TO AVAIL THIS LOAN OFFER VISIT THE BRANCH OR CALL US ON : 022 28602000
OR GIVE MISSED CALL ON : 022 28602020 ON WORKING DAYS ONLY

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