Vehical Loans

Limit Per Borrower  
(i)  For Personal Use:    Maximum Limit Rs.35.00 Lacs
(ii) For Commercial Use:    Maximum Limit Rs.100.00 Lacs
Margin Money:  
Four Wheeler: 15% of Proforma Invoice
Two Wheeler: 20% of Proforma Invoice
Three Wheeler: 25% of Proforma Invoice
No. of EMIs:  
Four Wheeler: 50 to 60
Two Wheeler: 50 to 60
Three Wheeler: 36
Commercial Use: 36
(B.O.D. reserves right to change according to repayment capacity of applicant).
Rate of Interest: 11.50%
Click Here For Interest Rates
Guarantors: One guaranter (who holds property)
Collateral Security: Property Mortgage in case of Commercial