Beneficiary

Individual, Firm, HUF, Trust, Coop. Societies or a Company

Purpose

For the purchase of new vehicle for business and personal use.

Loan Limit

Maximum amount up-to RS. 15.00 Lakh or 80% of cost of vehicle.

Rate of Intt.

11.50%

Repayment Period

Maximum 5 years.

Collateral Security

Two Good Securities as per satisfaction of the bank besides the hypothecation of the vehicle.