Repayment Period |
Two Wheeler: 84 Months
Four Wheeler:
Loan amount upto Rs. 25.00 lacs: 100 Equated monthly installments
Loan amount above Rs. 25.00 lacs: 120 Equated monthly installments
Subject to:
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
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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 |
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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/- |
Other Charges |
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.
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