Auto Finance
- Offering: Car Financing & Light Commercial Vehicles like Bolan
- Facilitation Mode: Both Ready Delivery & Booking Modes
- Loan Size: Up to Rs.3 Million maximum
- Financing Tenor: Minimum 1 year to maximum 5 years (for locally manufactured new and used vehicles)
- Processing Fee : As per bank’s approved schedule of charges
- Insurance / Tracker Charges: As per actual
- Co-Borrower: Spouse / Parents / Son / Real Brother
- Minimum Equity/ downpayment: Minimum 30% of locally manufactured new and used vehicles.
- Debt Burden :40% debt burden of net disposable income
- Mode of Repayment :Direct Debit or Cash payment directly in deposited in Repayment Account & PDC
- Mark Up : Lowest Markup Rates
- Age – Salaried Persons :Min 21 years to max 60 years at time of maturity.
- Minimum Salary :Rs. 40,000 net take home reflecting in the bank statement
- Age – Businessmen / Self Employed :Min 21 years to max 65 years at time of maturity
- Determination of Income :Minimum average balance of Rs. 50,000/= for six months
- Business Status :Minimum 3 years in current business
*Terms & Conditions Apply
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