Vehicle loan

Eligibility:-

1. Bank Can Finance up to 75 % of on Road Price of Quotation of Vehicle

(Excluding Accessories and HP Charges for New Vehicle)

2. Repayment Capacity ( Total Annual Income – Total Approx. Annual Exp. – Total Annual Loan Liabilities ( EMI*12) = Total Approx. Annual Savings. (Finance up to 50 % to 60 % on Total Approx. Annual Savings)

3. Applicant and/or Guarantor/s required to have permanent residence in Surat district.

4.Applicant/s & Guarantor/s should complete age of majority as per Law of India

5. Applicant/s and Guarantor/s should maintain CRIF credit score above 650 where loan committee can allow up to 600 and chairman up to 550

Processing Fees :-

a) Two Wheeler: Nil

b) Four Wheeler: Processing Fees 0.15 % + GST on Sanction Amount