Vehicle Loan

Purpose: To buy new vehicle.

Quantum of finance: 80% of the quotation.

Limit: Upto 60 lakhs.

Term: 5 annual instalment/ 60 months EMI for 4 wheeler.

3 annual instalment/ 36 months EMI for 2 wheeler.

Security: Hypothecation ( To the loan above 10 lakhs charges should be created on the collateral security.