Loan processing fees: Nu.200/- per application
a. Non - Commercial Vehicle Loan | ||
Purpose | : |
1. For Government/Private employees with regular source of income with minimum service period left five years 2. Business man with valid/active trade license holder having regular income from Business and 3. Any individual/ Company with a regular source of income. |
Type of Security | : | Vehicle |
Interest Rate (%) Term Loan | : | 13 % p.a |
Max. Repayment Period(years) | : | 5 years |
Financing( Max.) | : | To 30% of the Vehicle cost (Dealers Invoice price) |
b. Commercial Vehicle Loan | ||
Purpose | : | Commercial Purpose (Heavy/Medium vehicles/ Misc.Vehices/ Buses) |
Type of Security | : | Vehicle |
Interest Rate (%) Term Loan | : | 13 % p.a |
Max. Repayment Period(years) | : | 5 years |
Financing( Max.) | : | To 30% of the Vehicle cost (Dealers Invoice price). |
Please note on second hand vehicles within 5 years of age will be finance 30% of depreciated value of the vehicle for both commercial and non-commercial vehicle.
Loan Amount | ||
Interest Rate | ||
Year | ||
Monthly EMI |