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Hire Purchase Loan

Loans

Financing available for all Kind of new and Recondition vehicles.

Features
  • Financing up to 60% of Fair Market value for Private Vehicles.
  • Financing up to 60% of Fair Market value for Private/Public Electric Vehicles.
  • Financing up to 70% of Fair Market value for Public Vehicles.
  • Loan tenure of maximum 7 years.
  • Processing fees of 1.25%.
Requirements
  • Loan Application
  • Citizenship of borrower
  • Family details of borrower
  • Bluebook of vehicle/ Driving License
  • Monthly income source with supporting documents
  • Vehicle Invoice (Quotation / Valuation report)
  • In case of business Vehicle (Route permit)
  • Other documents based on requirement

Rate of interest : Base Rate + Premium(0.25% to 2.25%)

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