Car Financing

Markup Rate:
Car Loan for Brand New Vehicles: 14.00% to 15.50%
Car Loan for Brand New Imported Vehicles: 16.00%

Car Loan for New Commercial Vehicles: 15.50%
Car Loan for Used Vehicles (Local Assembled Only): 17.00%
Car Loan for Internal / External BTF (Local Assembled): 16.00%
Car Loan for Internal BTF (Imported): 17.00%

Application Processing Charges: Rs. 4,000/-

Vehicle Evaluation Charges: Minimum Rs.1,000/- upto a maximum of Rs.2,000/-

Pre-Payment Charges: One year before actual termination date: 2% of principal outstanding

Vehicle Re-possession Charges: "Actual incurred by the bank upto a maximum of Rs. 75,000/-

Additional Information:

2 years before actual termination date: 3% of principal outstanding
3 years before actual termination date: 4% of principal outstanding
4 years before actual termination date: 5% of principal outstanding"

Cheque Returned Charges: Rs. 500/-

Survey charges for repossessed vehicle: Rs. 1,000/-
Warehouse charges for repossessed vehicle: Rs.1,000/-Month"




Quickest processing.

No hidden charges.

Minimum down payment.

Complete repayment at any point of time.

Balance transfer facility {BTF} for existing as well as new clients from other Banks.

Tenure period ranging from 1 to 5 years.

Financing of all brand new locally assembled vehicles and used cars.

Financing limit ranging between Rs. 200,000/- to Rs. 2000,000/- for brand new cars.