Area of Operation - Loan shall be advanced in the area operation in the Gurdaspur district.
Beneficiary |
Individual, Firm, HUF, Trust, Coop. Societies or a Company |
Purpose |
For the purchase of new vehicle for business and personal use. |
Loan Limit |
Maximum amount up-to RS. 12.00 Lakh or 80% of cost of vehicle. |
Rate of Intt. |
upto 5Lac-5% and Above Lac-11.50% |
Repayment Period |
Maximum 5 years. |
Collateral Security |
Two Good Securities as per satisfaction of the bank besides the hypothecation of the vehicle. |