| Particulars | |
| Purpose | For Purchase of new car |
| Eligibility | Car loan for Salaried Employees, Businessmen, Professional self employed |
| Loan Amount | 80% of Quotation of vehicles (Basic price) |
| Margin | 20% of quotation of vehicles |
| Repayment Period | Maximum 60 months |
| Rate of interest | Loyalty Customers - 08.00% |
| Processing fee | Nil |
| Share linking | 2.5% of the loan amount sanctioned |
| Guarantee | Two guarantor Possessing property and also Income tax-payer |
| Security | Hypothecation of Vehicles |
| Insurance | Comprehensive insurance policy with bank clause is compulsory, and be renewed periodically during entire tenure of the loan at borrowers’ cost. |
