Priority Sector Loan
Retail Loan
Commercial Loan
Loans
 
  Objective
  •  For enabling our valued and potential customers including Farmers /KCC holders to purchase new two wheelers for their personal use
 
  Eligibility Criteria
  • Salaried employees/Professionals/Businessmen/Farmers/KCC Holders .
 
 Purpose
  • For purchase of new Two Wheelers of any make as per the choice of the borrower
 Amount:
  • Rs.60, 000/- or 85% of cost of the vehicle (on Road price) whichever is less .
 Margin
  • 15% of the cost price of the vehicle
 Security :
  • Hypothecation of Two Wheeler to be purchased out of Bank Finance. Liquid security, if any, offered/stipulated by bank
 Repayment :
  • Maximum 48 EMI
 Holiday Period :

  • 1 Month
 Rate of Interest :
  • 11.00 % to 12.50 %
 Remarks :
  • The two wheeler is to be purchased from authorized dealers/suppliers and will remain hypothecated to the Bank till full liquidation of loan
  • with interest and other charges.

  NOTE : For Form goto Forms Downlod dection .For further details, contact the nearest Branch