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

CIBIL Score 700 & above       7.50%

CIBIL Score less than 700      7.75%

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

50% Processing fee waived off till 31.03.2021

Area of Operation Loan shall be advanced in the area operation of Distt. Kapurthala
  Click Here to download Application Form......