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NRI Vehicle Loan - Giving wheels to your dreams

We will drive you to your dream vehicle with our NRI Vehicle Loan. We assure you that our attractive interest rates will help accelerate your urge to buy that dream vehicle.

Purpose Eligibility Limit & Margin Security Repayment Interest Rates & Charges

Purpose

  • For purchase of all types of Cars, Jeeps, Small Vans, two wheelers, etc.,
  • Both brand new and pre-owned vehicles except two wheelers.
  • In the case of pre-owned vehicles, the age of the vehicles should not be more than 2 years.
  • Pre-owned Two Wheelers are not eligible under the scheme
Apply Now

Eligibility

  • Individuals including NRIs/ Firms/ Companies, who are having sufficient income to meet the repayment commitments
  • Income of the spouse or children may also be taken into account for calculating the eligible amount of loan
Apply Now

Limit & Margin

    New Vehicles

  • 90% of the cost of vehicle.

    • Pre - owned Vehicles

  • 70% of purchase consideration /insured value /value assessed by Automobile Engineer/ Insurance Surveyor, whichever is lower.
  • The vehicle considered for finance should be lien-free.
Apply Now

Security

    Upto 5 lakhs

  • Hypothecation of Vehicle
  • Guarantee / Co obligation of a credit worthy person

    • Above 5 lakhs

  • Hypothecation of Vehicle
  • Equitable Mortgage of landed property of value not less than 150% of loan amount / Equivalent secuity of Approved securities.
Apply Now

Repayment

    Brand New Vehicle

  • Two Wheeler : Within 60 months in EMI
  • Four Wheeler : Within 84 months in EMI

    • Pre-owned Vehicle

  • To be repaid within a maximum period of 60 months or up to the appraised economic life of the vehicle as per the valuation cum road worthiness certificate, whichever is earlier
Apply Now

Interest Rates & Charges

Apply Now
  • For purchase of all types of Cars, Jeeps, Small Vans, two wheelers, three Wheeler etc.
  • Both brand new and pre-owned vehicles except two wheelers.
  • In the case of pre-owned vehicles, the age of the vehicles should not be more than 2 years.
  • Pre-owned Two Wheelers are not eligible under the scheme
Apply Now
  • Individuals including NRIs/ Firms/ Companies, who are having sufficient income to meet the repayment commitments
  • Income of the spouse or children may also can be taken into account for calculating the eligible amount of loan
Apply Now

    New Vehicles

  • 90% of the cost of vehicle.

    • Pre - owned Vehicles

  • 70% of purchase consideration /insured value /value assessed by Automobile Engineer/ Insurance Surveyor, whichever is lower.
  • The vehicle considered for finance should be lien-free.
Apply Now

    Upto 5 lakhs

  • Hypothecation of Vehicle
  • Guarantee / Co obligation of a credit worthy person

    • Above 5 lakhs

  • Hypothecation of Vehicle
  • Equitable Mortgage of landed property of value not less than 150% of loan amount / Equivalent secuity of Approved securities.
Apply Now

    Brand New Vehicle

  • Two Wheeler : Within 60 months in EMI
  • Four Wheeler : Within 84 months in EMI

    • Pre-owned Vehicle

  • To be repaid within a maximum period of 60 months or up to the appraised economic life of the vehicle as per the valuation cum road worthiness certificate, whichever is earlier
Apply Now
Apply Now

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