Vehicle Loan

Purpose	For buying new or used four wheeler / new two wheeler for own use and yellow board vehicle for commercial use
Eligibility	Minimum age 21 years. Applicant should have Three years IT returns. Customer of the Bank with satisfactory dealings. New customers with creditworthyness. Only Members Please contact the branch for more information
Maximum amount (new vehicle)	Maximum 2 crore for new vehicle Up to 85% of the ONROAD price of the vehicle for own use. Up to 85% of the BASIC price of the vehicle for Commercial use.
Maximum amount(second hand vehicle)	Maximum quantum of loan shall be Rs.50 Lakhs Up to 65% of the valuation for Yellow/ Green Board Vehicles for commercial use. Up to 80% of the Valuation for White/Green Board Vehicles own use.
Repayment	5 Years/ 60 months maximum
Interest rate	Interest rate Page clickhere
Processing charges	As per Bank rules
Prepayment clause	As per Bank rules
Application & documents	Minimum age 21 years. Applicant should have Three years IT returns. Vehicle Documents. Customer of the Bank with satisfactory dealings. New customers with creditworthyness. Only Members Please contact the branch for more information

Get In Touch

Our Expert will call you back on the number provided by you within 24-48 hours to assist you further. Thank you for your interest in Sreenidhi Souharda Sahakari Bank Niyamitha

Enquire Now