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