Vehicle Loans

Limit Per Borrower
(i)  For Personal Use: No Ceiling
(ii) For Commercial Use: No Ceiling
Margin Money:
Four Wheeler: 25% of Proforma Invoice
Two Wheeler: 25% of Proforma Invoice
Three Wheeler: 25% of Proforma Invoice
No. of EMIs:
Four Wheeler: 84
Two Wheeler: 84
Three Wheeler: 84
Commercial Use: 84
(B.O.D. reserves right to change according to repayment capacity of applicant).
Rate of Interest: 8.5% onwards
Click Here For Interest Rates
Guarantors: Two guaranter (who holds property)
Collateral Security: No