Vehicle Loan

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Vehicle Loan

We offer vehicle loans to help you purchase your dream vehicle, whether you are a member, salaried individual, or self-employed. Our loans cover the Ex-Showroom Price, ensuring you have the financial support you need.

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Interest Rate

  • Electric Vehicles (EV): 9% to 10%per annum
  • Non-Electric Vehicles:  9% to 10% per annum
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Repayment Period

Enjoy a flexible repayment period of up to 48 TO 60 months.

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Penal Charges

Any irregularity or default in repayment will attract a penal interest of 2.00% per annum over and above the standard interest rate on the outstanding balance.

Note:1.The sanctioned loan amount and interest rate are subject to terms and conditions.

          2.The original documents pertaining to the movable/immovable properties of deceased borrowers shall be released to their legal heirs of the borrowers only after the settlement of all liabilities with the bank and fulfillment of applicable legal and procedural requirements.