Providing all banking facilities at a single platform.
For purchase of new Two wheelers viz.: Scooter(s), Motor cycle(s), Moped(s), (subject to Registration of vehicle with RTO).
Need based (Max Rs 60000.00)
10% of ex-showroom price
Hypothecation of 2 wheeler financed from bank loan Guarantee acceptable to bank as per guidelines
Max 36 months
Maximum Permissible deductions – All deductions including the proposed Two-wheeler loan installment should not exceed 50% of Gross Monthly Salary/ Income (GMS/ I)
“BANK WILL CHARGE INTEREST ON ALL ADVANCES, UNLESS OTHERWISE SPECIFIED ON THE BASIS OF 365 DAYS PER YEAR”.
Above are only salient features of the scheme. For details please contact nearest branch