Nagrik Vehicle Loan

• Purpose - to purchase a two wheeler for personal use.

 

• Loan amount - Up to 80 percent of the vehicle's (showroom price + insurance + road tax) price.

 

• Securities - The vehicle will be hypothecated, guarantee of one member accepted the Bank.

 

• Insurance - Vehicle will have to be insured.

 

• Loan repayment - maximum 36 months.

 

• Applicant will have to submit three years financial sheets and income tax return (for business class).

 

• Purpose - to purchase a four wheeler for personal or commercial use.

 

• Loan amount - Up to 80 percent of the vehicle's (showroom price + insurance + road tax) price.

 

• Securities - The vehicle will be hypothecated, guarantee of one member accepted the Bank.

 

• Co-security - Immovable property of the borrower or guarantor.

  

• Insurance - Vehicle and mortgage property will have to be insured.

 

• Loan repayment - maximum 60 months (salaried employee’s maximum 84 months)

 

• Applicant will have to submit three years financial sheets and income tax return (for business class).

 

• Interest Rate - Click here.