Vehicle Loan

Purpose:

Helps individuals and businesses purchase two-wheelers, cars, or commercial vehicles for personal or professional use.

Eligibility:

Open to salaried and self-employed individuals or businesses with a steady financial background.

Features:

• Loan-to-value ratio up to 90% of the vehicle’s price.
• Special schemes for electric vehicles.
• Flexible repayment tenures ranging from 12 to 84 months.

Process:

Requires submission of vehicle quotations, proof of identity, and income. Approvals are typically fast, with disbursal linked to vehicle purchase.

Benefits:

Reduces upfront costs, making vehicle ownership or fleet expansion hassle-free.