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Eligibility
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Existing customer with unencumbered deposits
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Entry Age
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Min 18 years, No Max age
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Quantum
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On Road Price of vehicle
Min - Rs.1.00 lakh; upto 100% of FD
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Income
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Only declaration as Loan is purely based on deposit amount
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Processing Fee & other charges
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Nil
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Other conditions
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- If deposit is in joint names - other deposit holder will be co-borrower.
- Third party deposits not accepted.
- Loan should not be granted against joint deposits under F or S.
- CIBIL- not a defaulter & CIC score < 550 incl - 1,1 to 5 can also be considered.
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