Car Loan

Car Loan


For purchase of 4 wheeler for private use only.


Salaried Employees/Businessmen having regular source of income.


Hypothecation of Vehicle

Term of Repayment

Maximum of 84 months


Minimum of 10%

Rate of Interest

 Period of Repayment  Rate of Interest
Above 3 years8.35% p.a at monthly rest
Above 3 years to 5 years
8.75% p.a at monthly rest
Above 5 years to 7 years 9.25 p.a at monthly rest
 Repayment within 7 years of the vehicle 11% p.a at monthly rest


The new rate shall be applicable to all fresh loans availed from 16.02.2022 for purchase of a new car.

For further details about the scheme you may visit  any of the Branches or call Branch Manager.


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