Purpose: For the purchase of new or already used commercial or personal vehicles required for personal, commercial and official use.
Interest Rate: Base Rate + upto 5% premium
Service Charge: 0.75-1.00 %
CIC Charge: Rs. 250 per inquiry (For No Transaction Report)
Rs. 550 per inquiry (For Transaction Report)
Required Documents:
- Passport size photographs of Applicant
- Applicant’s Citizenship certificate
- Photographs and Citizenship certificate of Guarantors
- Quotation from authorized dealer.
- Copy of blue book, route permit, Vehicle fitness certificate etc. (where applicable)
- Additional Collateral (Land & Building) as per the need
