Two Wheeler: 84 Months
Loan amount upto Rs. 25.00 lacs: 100 Equated monthly installments
Loan amount above Rs. 25.00 lacs: 120 Equated monthly installments
a) For Salaried (Non Pensionable) - Up to 65 years
b) For Salaried (With Pension) - Up to 70 years.
c) For Business Class/ Professionals: No age-bar
|Rate of Interest (floating) for Fresh Car Loan
|For Individuals:-Min. RBLR+0.10% and Max. RBLR+0.55% Subject to CIBIL Score and Tenure of Loan
||For Non Individuals:-Min. RBLR+0.25% and Max. RBLR+0.75% Subject to CIBIL Score and Tenure of Loan
|Rate of Interest (floating) for Two Wheeler Loan
* Concession in rate of interest (0.25%) to captive and loyal customers, existing home loan borrowers and group of employees.* Female Borrowers:- 0.10% on Card Rates subject to Minimum of RBLR
|Unified Service Charges(Excl GST)*
||For Four Wheeler Loan-0.50% of Loan Amount-Minimum: ₹ 2500/-Maximum: ₹ 7500-.For Two Wheeler Loan-0.50% of Loan Amount- Minimum: ₹ 750/-Maximum: ₹ 5000/-
||Prepayment Penalty / documentation charges/ upfront fee- NIL
|Reimbursement of finance
- Reimbursement of finance for new four wheelers purchased out of own funds from the authorized Car dealer.
- The reimbursement shall be within 3 months of purchase.
- The loan shall be treated as financing for new vehicle.