Toll Free Number :1800 258 7750 (Available during banking hours - 10:00am to 06:00pm)

Reg. No: SA 2914 Dated : 27 Jan. 1995
License No: UBD Guj-1153 P Dated : 01 July 1995

Car Loans

Eligibility of borrower * Having current / saving account holder of the Bank.
* Borrower must be a member of the Bank. 
* Last three years income-tax return should be   produced.
* Borrowers should have his own/ family member's   residential or   business property in their name in the    Govt./ SMC record.
Purpose of Loan Purchase of new vehicles only.
Quantum of finance * Maximum up to 90% of  quotation value.
* In case of  margin money deposited in fixed deposit   with the bank, loan may be considered at 100% of    quotation value
Share Linkage Borrower must have Bank share Linkage @ 1% of the loan sanction  amount.
Repayment period Maximum 60 months.
Rate of Interest 9.5% p. a.
Security * One personal guarantor having his own property and  last year's  income-tax return.
* R.C. Book have to be  deposited with the Bank.
  Vehicle to be insured comprehensively with Bank  clause.

 Car Loan