||Purchase of Second Hand Vehicle (Should be not more than 4 Yrs Old)
||Max.Rs.5.00 Lacs or 75% of cost of vehicle or 1.5 times of annual income whichever is less.
|Rate of interest
||upto 3yrs-8.99% , above 3 yrs 8.99%*(upto 31-12-2017)
||Max. 5 yrs.
||Two Good surities, Insurance & Hypothecation of Vehicle.
|area of operation
||Loan shall be advanced in the area operation of Distt. Kapurthala
||50% Processing fee on Vehicle loan is waived off till 31-12-2017