Cost of the vehicle is inclusive of Accessories/ Registration/Road tax/Insurance /Body building charges etc., for new vehicles.
However, Second hand two wheeler & three wheeler will not be financed.
Heavy Vehicle/Water Transport Vehicle : Rs.5 crore per vehicle.
Two wheelers and Three wheelersOther than 2 & 3 wheelers25%Loan upto Rs.1 croreLoan above Rs.1 croreSecond hand vehicles15%20%40%
Hypothecation of the vehicle financed.
For Interest Rates,Please click here.
For two wheelers For three wheelers For other than two & three wheelers Max. 36 months Max. 60 months Max. 84 months
Other than salaried class including transport operators : Repayment period shall not exceed 70 years of age of the borrower/s unless the co-applicant has independent income to service the loan.