Vehicle Loan
- For purchase of Two/ Three/ Four Wheeler Vehicle for the purpose of Personal/Business use.
- 70% of Invoice value, Rate of Interest: 15% - 17% ( On Actual Diminishing Balance)
- Period : 3 years
- Share Linkage - 2.5% of Sanctioned Amount
- Guarantor – Minimum 10 Shares
- TS Governmet stamp duty 0.5% for loan Rs one lack and above
- Processing Fees - 1% of loan amount + service tax
- Last 3 years Certified I T Returns or Latest Salary Slip
- Address and ID proof and 3 photos of Borrower and Guarantor
- Advance Repayment accepted.
- Personnel Guarantee – One Person
₹
%
Loan EMI
Total Interest Payable
Total Payment
(Principal + Interest)