Any Individual bonafide member of the bank, having minimum monthly salary of Rs. 10,000/- for car loans and Rs. 7,000/- in case of other loans.

Upto the maximum of 36 months , income of the borrower

15 % of the Invoice value, excluding cost of insurance, other accessories, Road Tax etc.

Purchase of New Car, Scooter, Motor Cycle etc.

Hypothecation of  vehicle financed by the bank.

Registration of Bank’s charge with RTO.

Mortgage of immovable property or pledge of any other security of adequate value to the satisfaction of the Bank for a loan of more than Rs. 3.00 lacs.

Upto maximum of 84 equal monthly instalment with interest, subject to repaying capacity of the borrower

As per Bank’s rules from time to time.

Two sureties of good means to the   satisfaction of Bank, preferably an      employee of one Government or Semi Government department, or Autonomous body or local bodies or Public Sector Undertakings and also of  reputed Public limited Companies with at least 3 years of continuous service.In case, the borrower is in the service of Private Sector or in business or profession, at least  2 sureties of good means who are necessarily be in the employment of Government or Semi Government department, or Autonomous body, or local bodies or Public Sector Undertakings and also in the employment of  Public limited Co’s of high reputation, with a continuous service of minimum of 3 years.

Payment direct tothe Vendor for full cost of the Vehicle as per Performa Invoice, subject to recovery of margin money from the borrower.

Copies of Invoice and Receipt  to be obtained and kept on record till the liquidation of Bank’s entire dues.