- For enabling our valued and potential customers including Farmers /KCC holders to purchase new two wheelers for their personal use.
- For purchase of new Two Wheelers of any make as per the choice of the borrower.
- Rs.60, 000/- or 85% of cost of the vehicle (on Road price) whichever is less.
- 15% of the cost price of the vehicle.
- Hypothecation of Two Wheeler to be purchased out of Bank Finance. Liquid security, if any, offered/stipulated by bank.
Rate of Interest
- 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.
No Processing fee to be collected for granting loans under the scheme.