logo

  • Customer Care

    08069791917

    Toll Free Number

    18002671917

  • Help Desk

Electric Vehicle Loan

Let’s Drive towards GREENER Tomorrow

Features & Benefits

  • Zero Processing Fee
  • Interest charged on daily reducing basis
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options – ECS/ Standing Instruction/ Post Dated Cheques
  • Speedy loan approval
  • Offers Insurance cover at attractive premium
  • Fast Tag Available

Purpose

  • Purchase of new car

Eligibility

  • Salaried / Professional / Businessman

Quantum of Loan

  • New Car : Maximum Rs.150.00 lacs (90% of the Invoice Value excluding accessories and extended warranty)

Margin

  • For Professionals (New Car) : Nil
  • For Other than professionals 10% Margin ( New Car )

Rate of Interest

  • 8.40% p.a. onwards

Documentation : Refer Basic Documents - Retail Loan

  • Borrower ID Proof i.e. Pan Card
  • Proof residence/ office- /Aadhar Card/Utility Bill/ Passport/ Driving License/ Rent Receipt/ Lease Agreement etc.
  • Income Details-Salary Certificate for last 3 months & latest form no.16/ ITR for 3 years/ P & L & Balance Sheet for 3 Years/ Details of other income, if any.
  • Leave & License agreement if the applicant is currently staying on rent.

In addition to the basic documents

  • Proforma Invoice of an authorized dealer
  • Proof of Margin

Security

  • Hypothecation of vehicle to be financed

Repayment

  • For New Car - Up to 7 Years

Conditions Apply

TO AVAIL THIS LOAN OFFER VISIT THE BRANCH OR CALL US ON : 022 28602020
OR GIVE MISSED CALL ON : 022 286020020 ON WORKING DAYS ONLY

X