Benefits

Objective

To make available Loan for purchase of car to Government Employees on attractive terms.

Eligibility

For permanent Employees of Central / State Governments/ Defence Personnel & Paramilitary Forces

Purpose

As per Scheme for Financing Purchase of Car by Public

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Income Criteria

As per Scheme for Financing Purchase of Car by Public

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Quantum Of Finance

As per Scheme for Financing Purchase of Car by Public

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Margin

As per Scheme for Financing Purchase of Car by Public

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Security

As per Scheme for Financing Purchase of Car by Public

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Guarantee/ Collateral Security

As per Scheme for Financing Purchase of Car by Public

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Repayment (Maximum)

As per Scheme for Financing Purchase of Car by Public

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Prepayment Charges

As per Scheme for Financing Purchase of Car by Public

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Rate Of Interest

“Bank will charge interest on all advances, unless otherwise specified on the basis of 365 days per year”.

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Processing Charges/ Upfront Fee

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Documentation Charges

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Above are only salient features of the scheme. For details please contact nearest branch

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