Vehicle Financing
Purpose:
Vehicle financing helps individuals and businesses purchase vehicles, whether it's a personal car, two-wheeler, or commercial fleet.
Benefits:
- Affordable EMI plans
- Low down payment options
- Flexible repayment periods
Process:
- Select the vehicle and apply for financing
- Submit necessary documents like identity proof, income proof, and vehicle details
- Loan approval is based on creditworthiness and vehicle cost
- Disbursal to the dealership or individual account
Eligibility:
- Salaried or self-employed individuals
- Valid income proof
- Good credit score
Key Features:
- Financing up to 90% of the vehicle's cost
- Tenure of up to 7 years