Retail Credit/Consumer Lending

Car4U Loan
Financing cars, vehicles for private use. Key terms:
  • Maximum Tenure Up to 8 years
  • Interest rate 9% p.a - 10.5% p.a
  • Processing fee 1 percent
  • Maximum Finance: 80% of the cost of vehicle
  • Maximum Tenure upto 6 years

LCV Loan / Buses

Financing micro/ mini buses to be operated on commercial basis. Key terms:
  • Indicative interest rate 12.0%
  • Financing up to 70% of the vehicle
  • Maximum Tenure of 4 years

LCV Loan / Trucks

Financing brand new pick up trucks to be operated for transaction of goods. Key terms:
  • Indicative interest rate 11.5%
  • Financing up to 70% of the vehicle
  • Maximum Tenure of 3 years