For the purchase of new passenger cars, SUVs, and MUVs.
Points to be noted:
- Regular Salaried, Professionals, Self-employed, Businessmen, Proprietary/Partnership Firm who are Income Tax assesses.
- Persons engaged in agriculture and allied activities are also eligible (Income Tax Return is not required).
- Age should be 21-67 years.
- CIBIL cut off Score: Salaried - Nil, Businessman - >=600, Professional/Self Employed/Agriculturists - >=700.
- Repayment Period is maximum 84 months or 70 years, whichever is lower.
- Maximum Loan Limit of Rs. 1 Crore For Indiviual & 1.5 Crore For Group .
- 12 Post Dated Cheques.
- 15% margin on the On-Road Price. For customers with salary accounts with us, margin is 10%.