Vehicle loans are available for 2-wheelers & 4-wheelers to the account holders and shareholders of our bank. The intending Purchase can apply for Private as well as commercial Vehicles. The amount inclusive of taxes and insurance i.e. on-road Price will be considered for availing loans. The margin for a vehicle loan is ……
The rate of interest up to Rs……… and above Rs…………..
| Sr.NO. | PARTICULARS | CIBIL SCORE/WOMEN/PRORITY/NON PRORITY | Proposed ROI | Margin |
| 1 | 2 & 4 WHEELER & INDIVIDUAL VEHICLES (As per CIBIL Score) | ABOVE 750 & New Borrowers | UPTO 10 LAKH 8.50% | |
| ABOVE 10 LAKH 9.00 % | Margin Two Wheeler Vehicles -10% | |||
| BELOW 750 & New Borrowers | UPTO 10 LAKH 9.00% | |||
| ABOVE 10 LAKH 9.50 % | ||||
| 2 | 2 & 4 WHEELER & COMMERCIAL VEHICLES (As per CIBIL Score) | ABOVE 750 & New Borrowers | 9.50% | Four Wheeler Vehicles – 10 % |
| BELOW 750 & New Borrowers | 10.00% |