| Product Name |
Hire Purchase Private Vehicle Loan |
| Purpose |
To purchase the brand new or second-hand four-wheelers for private use. |
| Interest Rate |
As per the published rate by the Bank |
| CIC Charge |
Rs. 250 per inquiry (For No Transaction Report) Rs. 550 per inquiry (For Transaction Report) |
| Document Required |
- Passport-size photographs and citizenship certificate of applicant with application.
- Certified income source
- Photographs and Citizenship Certificate of Guarantors
- Purchase agreement/deed (in case of purchase of land/building)
- In the case of a new vehicle: a quotation from the authorized vehicle dealer, and in the case of used vehicles, a full valuation report of the proposed vehicle from our authorized valuator/mechanical engineer.
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