HP Private Vehicle

Hire Purchase Private Vehicle Loan Details

Category	Details
Purpose	To purchase brand new or second hand four wheelers for private use.
Interest Rate	Base Rate + up to 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 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 case of New vehicle: Quotation from the authorized vehicle dealer In case of used vehicles: Full valuation report of the proposed vehicle from our authorized valuator/ Mechanical Engineer