Suhana Safar

Suhana Safar (Vehicle Loan)

Purpose

For purchase of new passenger Cars, Multi Utility Vehicles (MUVs), SUVs etc. for private use.

For purchase of used car not more than -3- years old for private use.

For purchase of new Two Wheeler for private use.

Eligibility:

Salaried Employees/Pensioners /Staff members / Ex-Staff members.

Businessmen, Professionals, Farmers

Directors of Private / Public Ltd Co.

Proprietor of firm, Partners of partnership firm,

Corporate Entities i.e. Public Ltd Co / Private Ltd Co / Proprietorship firm/Partnership/LLP/Trust/Society etc. earning profit during last two financial years as per audited balance sheet/ ITR.

Age :

Minimum Age:

Applicant: -21- Years;

Co-applicant: -18- years

Maximum Age:

Age of the applicant / co-applicant / guarantor + repayment period should not exceed -70- years.

Maximum Amount of Finance :

Rs.100.00Lakh

Margin :

For New Vehicles– Four Wheeler: Minimum 10% of On-road Price.

Two Wheeler: Minimum 15% of On-road Price.

For Old Vehicles– Minimum 25% of Present Value.

Repayment Period/ Tenure :

New Car (Loan upto Rs25.00 Lac): Maximum 84 Months.

New Car (Loan above Rs25.00 Lac): Maximum 120 Months.

Old Car : Maximum 48 Months.

Two Wheeler: Maximum 60 Months.

Features :

Special concession @ 0.25% to the borrowers having housing loan.

Special concession @ 0.25% to the borrowers offering CRM securities, present value not less than 50% of advance value. Maximum allowable special concession is 0.25% only

No Collateral upto loan amount of Rs.25.00Lakh.

No Personal Guarantee for Permanent PSU/Government Employees having minimum of 2 years’ service/Staff & Ex-Staff.

Processing & Other Charges :

As per banks' Service Charges Booklet

UNIFIED PROCESSING & DOCUMENTATION CHARGES (Tax Extra)
Slab Of Amount Of Finance ( In Lacs)	PCDC Charges (Tax extra)
<= 3	Nil
>3 & <=5	Rs.1000
>5 & <=10	Rs.2000
>10 & <=20	Rs.3000
>20 & <=30	Rs.4000
>30	Rs.5000
Staff & Ex-Staff: No Charges.

SUHANA SAFAR CAR LOAN : Floating Rate of Interest

SUHANA SAFAR CAR LOAN ----- FLOATING RATE OF INTEREST
	Rate of Interest
For individual New Car
Cibil TransUnion Score
750 and above	NRLLR -0.60
700 to 749, 0,-1,3 to 5	NRLLR -0.35
675 to 699 and 1 & 2	NRLLR +1.20
650 to 674	NRLLR +2.20
Less than 650	NRLLR +3.30

For Corporate Borrower	NRLLR +0.10
For Two Wheeler Not linked to CIBIL Scores	NRLLR +2.50
For Staff and Ex Staff Not linked to CIBIL Scores Only for four wheeler	NRLLR -0.50
For old Car Not linked to CIBIL Scores
Government Salaried Professionals OR existing borrower availing credit facility from NTB in the form of Housing loan or Vehicle loan	NRLLR +1.50
CIBIL Score 750 & above	NRLLR +1.50
CIBIL Score 700-749	NRLLR +1.75

SUHANA SAFAR CAR LOAN : Fixed Rate of Interest

SUHANA SAFAR CAR LOAN ----- FIXED RATE OF INTEREST
	Rate of Interest
For individual New Car
Cibil TransUnion Score
750 and above	NRLLR +1.40
700 to 749, 0,-1,3 to 5	NRLLR +1.65
675 to 699 and 1 & 2	NRLLR +3.20
650 to 674	NRLLR +4.20
Less than 650	NRLLR +5.30

For Corporate Borrower	NRLLR +2.10
For Two Wheeler Not linked to CIBIL Scores	NRLLR +4.50
For Staff and Ex Staff Not linked to CIBIL Scores Only for four wheeler	NRLLR +1.50
For old Car Not linked to CIBIL Scores
Government Salaried Professionals OR existing borrower availing credit facility from NTB in the form of Housing loan or Vehicle loan	NRLLR +3.50
CIBIL Score 750 & above	NRLLR +3.50
CIBIL Score 700-749	NRLLR +3.75