Features
Interest Rate: Base Rate + upto 3.00% premium per annum
Facilities
The loan is to facilitate purchase of the Brand New/Second Hand private vehicles. This loan can be facilitated for the financing requirement on such purchase up to 50% of invoice price or valuation amount or FMV in case of second hand vehicle. The repayment method of the loan is monthly EMI basis and the loan tenure is up to 7 years.
Requirements
- Passport size photographs of Applicant
- Applicant’s Citizenship certificate
- Certified income source
- Photographs and Citizenship certificate of Guarantors
- Quotation of vehicle from authorized dealer
- Updated Blue Book in case of second hand vehicle
- Other supporting documents on demand
- National Identity Number (NID)
Fee Charges
- Administrative Charge – 1 %
- CIC Charge – Rs. 282.50 per inquiry (For No Transaction Report)
- Rs. 621.50 per inquiry (For Transaction Report)
