To Purchase New Vehicle for Personal Use.

Individuals(Singly or Jointly), Farmers, Agricultural Labourers, SHG and Joint Liabilities Groups (JLGs)

1. Age: above 18 Years
2. Agriculturist/ Farmers
3. Income Criteria
• Minimum Net Annual Income > Rs. 3 Lakh (> Rs. 25,000/- P.M) Clubbing of Income of spouse is permitted (Proof is to be attached)
• Net Monthly Income > 2 X Monthly Installment (where the cost of vehicle is less than Rs. 3 Lakh only First)

Maximum of Rs. 10 Lakh or 85% of On Road Price. (On Road include cost of accessories not more than 2 % of ex-showroom price + rregistration + Insurance + Insurance Premium for one year only)Whichever is less

1. Min 15% of on Road Price

As prescribed by the Bank, Interest will be applied on monthly compounding basis