Loan available for purchasing Two wheeler, New Car, Used Car and Commercial vehicles.

 

 

  

 

• Two wheeler loan :

          Loan Amount : 90% of on road price of the vehicle

          Security : Hypothecation of Vehicle + Bank’s charge on RCTC Book.

          Comprehensive insurance is necessary with Bank’s clause

          Loan Period : Repayment within 60 months, Interest rate 9.50%.

          No Processing Fees

          Monthly interest by daily reducing balance method. 

 

 

 

  

 

• Special Scheme for New Car loan :

          Loan Amount : 90% of on road price of the Car

          Security : Hypothecation of Vehicle + Bank’s charge on RCTC Book .

          Comprehensive insurance is necessary with Banks clause

          Loan Period : Repayment within 36 months or 60 months, @ the Interest [email protected]%

          No Processing Fees

          Monthly interest by daily reducing balance method.

          The scheme is applicable for purchasing New Car Only.

• Used Car :

          Loan Amount : 75% of Valuation of the Car

          Security : Hypothecation of Vehicle + Bank’s charge on RCTC Book.

          Comprehensive insurance is necessary with Banks clause

          Loan Period : Repayment within 60 months, Interest rate 13.00%

          Monthly interest by daily reducing balance method.