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

SUHANA SAFAR CAR LOAN : Floating Rate of Interest

SUHANA SAFAR CAR LOAN : Fixed Rate of Interest