Who is eligible

• Salaried person 
  ( Should  have permanent employment for last 2 years ) 
• Professional 
  ( Should have been in the profession for the last  2 years ) 
• Businessman 
  ( Should be in business for the last 2 years and generate adequate and consistent income and good net worth )

Purpose

• Purchase of New Car/Jeep for personal use   

Loan amount eligible

• Salaried person
  (25 times of  net monthly salary )
• Professional
  (2.5 times of net cash accruals) 
• Businessmen
  (2 times of net cash accruals)  

Subject to maximum of Rs 10,00,000.00

Guarantors

  1or 2 persons acceptable to the Bank.

• Salaried net salary not less than Rs 6,000.00
• Businessmen/professional net taxable income exceeding
  Rs. 75,000.00

Repayment Period 

• 48 / 60   EMI’ s

Rate of Interest

• Upto 3 years – 12.50% 
• Above 3 years – 13.00%

Special Features 

• Wife /husband/parents/Brother/ sister can be co applicants income of the co applicant will be considered for assessing repayment capacity
• Interest calculated on daily reducing balance
• No prepayment/commitment  charge levied unless the liability is taken over by another financial institution . 

Quick Links - Loan

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Deposits

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 NIC - Saving Classic
 Genxt
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Current Acc

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