Purpose:
Render financial assistance for acquiring brand new and second hand vehicles for private use.

Quantum of finance:
Minimum amount Rs 50,000
Maximum Rs10,00,000
70 per cent finance to second-hand vehicles.

Period of loan:
Maximum period of 61 months for new vehicles.
Maximum period of 37 months for second-hand vehicles .

Security:
Collateral Security is 50 per cent of the loan amount.

Interest
New Vehicles13.50 per cent
Used Vehicles16.00 per cent