Auto Finance

Auto Finance

  • Offering: Car Financing & Light Commercial Vehicles like Bolan
  • Facilitation Mode: Both Ready Delivery & Booking Modes
  • Loan Size: Up to Rs.3 Million maximum
  • Financing Tenor: Minimum 1 year to maximum 5 years (for locally manufactured new and used vehicles)
  • Processing Fee : As per bank’s approved schedule of charges
  • Insurance / Tracker Charges: As per actual
  • Co-Borrower: Spouse / Parents / Son / Real Brother
  • Minimum Equity/ downpayment: Minimum 30% of locally manufactured new and used vehicles.
  • Debt Burden :40% debt burden of net disposable income
  • Mode of Repayment :Direct Debit or Cash payment directly in deposited in Repayment Account & PDC
  • Mark Up : Lowest Markup Rates
  • Age – Salaried Persons :Min 21 years to max 60 years at time of maturity.
  • Minimum Salary :Rs. 40,000 net take home reflecting in the bank statement
  • Age – Businessmen / Self Employed :Min 21 years to max 65 years at time of maturity
  • Determination of Income :Minimum average balance of Rs. 50,000/= for six months
  • Business Status :Minimum 3 years in current business

*Terms & Conditions Apply

Auto Loan Calculator


Get Connected by a Auto Finance Facility Representative