car loan

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