Four wheeler loans
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(A) |
Loan for four wheeler distributed on or before 18.06.2020 ( for men and women) |
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(B) |
Loan for four wheeler |
|
|
|
(i) |
For men |
191 |
9.00 % |
|
(ii) |
For women |
217 |
9.00 % |
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|
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|
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(C) |
For two wheeler purchase |
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|
|
(i) |
For men |
186 |
12.00 % |
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(ii) |
For women |
218 |
12.00 % |
- Purpose - Personal or business use to purchase the car and jeep,
- Loan amount - Up to 75 percent of the price of the vehicle.
- Securities – Vehicle will be mortgaged. Guarantee of a competent member will be acceptable to the Bank
- Co Securities - Property of the debtor or guarantor will be mortgaged and can be availed if the amount for loan is more than 5 lakhs.
- Insurance - Car and mortgaged building or property must be insured
- Debt Payoff – Maximum 60 months (maximum 84 months for salaried employees)