Vehicle Loan


Vehicle Loan

Beneficiery Individual, Firm, HUF,Trust etc.
Purpose Purchase of new  Vehicle. 
Loan Limit Rs.15.00 Lacs
Rate of interest upto 3yrs-9.49% , above 3 yrs 9.49%
Margin Loan upto Rs. 8.00 Lacs -20%, Above 8.00 Lacs to 15.00 Lacs -40%
Repayment Max. 5 yrs.
Collateral security Two Good  surities ,  Insurance and Hypothecation of Vehicle Upto Rs.8.00 lacs - Two good surities & 80% of quatation Rs. 8.00 lacs to 15.00 Lacs- Two good surities and 60 % of quotation  (If Borrower wants to avail loan above Rs.8.00 Lacs and 80% of  Quotation then 150% security required of loan amt).
Area of Operation Loan shall be advanced in the area operation of Distt. Kapurthala
  Click Here to download Application Form......
TOP