- Purchase of New/second hand Four-wheeler, such as Car, Van, Jeep, etc.
- Purchase of New two wheeler such as, Motorbikes, Scooter, etc.
Nature of facility
Eligibility, quantum, guarantee, repayment and rate of interest
- As per norms of the scheme in individual banks.
- Hypothecation of vehicle with hypothecation charge noted in the RC Book.
- Comprehensive insurance for full value of vehicle with Bank clause noted in the policy bond
- For salaried persons, pensioners and non-salaried persons cut back will be calculated as stipulated by individual banks.