Vehicle Loan (V.L.)

Dreaming of your own vehicle? Whether it’s a bike, car, truck, or even a
JCB, our Spot Loan Facility makes it quick, simple, and affordable.

Why Choose Our Vehicle Loan?

Quick & hassle-free documentation

Spot Loan facility available

 Flexible repayment options

Attractive interest rates

Rate of Interest

12.50% p.a. (Reducing Balance)for new vehicles

Documents Required

To apply for a Vehicle Loan, you’ll need:

  • ✔ 3 Passport size photographs
  • ✔ Vehicle quotation
  • ✔ Identity proof (Aadhar / Voter ID / PAN / Ration Card)
  • ✔ Driving Licence (Xerox)
  • ✔ 2 Sureties with SB A/c in St. Milagres

Note: Loanee should be identified by the Branch Manager.

Two-Wheeler Loan (Bike/Scooter/Auto-Rickshaw)

75% Loan
On Road Quotation
36 to 60
Easy Installments
84 Installments
for 2 Wheelers (7 Years)
25% Down payment
(on road prize of vehicle)
13%
(on 2 Wheeler Loan)

Four-Wheeler Loan (Car/Truck/Jeep)

75% Loan
On Road Quotation
48 to 72
Easy Installments
84 Installments
for 4 Wheelers (7 Years)
25% Down payment
(on road prize of vehicle)
14%
(on 4 Wheeler Loan)

Why Open a Saving Deposit Account?