Co-operative Bank

The Cooperative Bank, Kapurthala

Vehicle Loan

Vehicle Loan
 

Beneficiery Individual, Firm, HUF,Trust etc.
Purpose Purchase of new  Vehicle. 
Loan Limit Rs.15.00 Lakh or 4 times of annual income whicever is less.
Rate of interest 8.99%
Margin 80% of on road price of vehicle (inclusive of cost of insurance and registration charges if loan is upto Rs.6.00 Lakh), 75% of cost of vehicle if loan is above Rs. 10.00 Lakh.
Repayment Max. 8 yrs.
Collateral security Insurance and Hypothecation of Vehicle
Processing Fee 1% of sanctioned loan (one time Min Rs.500 & max Rs.5000) + GST
Area of Operation Loan shall be advanced in the area operation of Distt. Kapurthala
  Click Here to download Application Form......

 

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