Car Loan

Gujarat has become automobile hub of India. Car manufacturing units are Coming to Gujarat one by one. Car Finance has become a lucrative business of banks. We are not lagging behind. Drop in at of our branches and avail car loan on easy terms. Wish you happy riding.

	Particulars
Purpose	For Purchase of new car
Eligibility	(i) Car loan for Salaried Employees, Businessmen,Professional self employed
Loan Amount	80% of Quotation of vehicles (Basicprice + insurance + R.T.O. charges)
Margin	20% of quotation of vehicles
Repayment Period	Max 72 months
Rate of interest	# For Loyalty Customers 08.50% For others 08.75 % # Loyalty customers – Applicant has premium/ priviledge/ Kal advantage savings/ current account with our bank and applicant maintains the same account till repayment of currency. OR All existing borrowers who have availed credit facilities ( Retail/ business loan) of Rs 10.00 lacs or more for minimum one year, respective accounts are conducted satisfactorily and maintain operative CASA accounts with our bank
Processing fee	Upto Rs. 10 lacs : Rs. 3000 + GST Above Rs. 10 lacs : 0.30% of the sanctioned amount + GST (Subject to maximum of Rs. 7500 + GST)
Share linking	1% of the loan amount sanctioned ( Max. 25000/- )
Guarantee	Two guarantor Possessing property and also Income tax-payer
Security	Hypothecation of Vehicles