• Home Loan
  • Vehicle Loan
fd7b860d20b3df6b5e57a096f9aece91 savings account, loans, SME loans, NRI banking services, Forex, car loan, home loan, co-operative bank, trade finance
Super Fast Car loan - Pre-owned Cars
Home » Personal » Retail Loans » Super Fast Car loan - Pre-owned Cars

Super Fast Car loan - Pre-owned Cars




  • Purchase of pre-owned Car ( personal vehicles)


  • Salaried persons with one year confirmed service
  • Other than salaried having regular source of income.

Limit of loan

  • Min. Rs. 1 Lakh, Max Rs. 100 lakh

Basis of Advance

  1.  Lower of value assessed by valuer or agreed price of the car
    1. Incase of cars age <= 3 year then 60% of pt 1. above
    2. Incase of cars age > 3 year then 50% of pt 1. above
  2.  20 times of Avg Net Monthly Salary or 3 times of Avg Net Cash Accruals (1 or 2 stipulated above, whichever is lower)

Repayment Period

  • Maximum 36 months for Cars more than 3 years but less than 5 years old.
  • Maximum 60 months for Cars less than or equal to 3 years.

Rate of Interest

  • Fixed 11.00% p.a for both small and high-end car

Processing fees

  • 0.5% of the loan amount maximum Rs. 5000/-


  • As per extant shareholding norms


  • Hypothecation of car to be purchased.
  • One guarantor


  1. Duly filled prescribed application form
  2. Latest Photograph, Photo Identity & Residence Proof of the Applicant
  3. Income proof a) or b) as applicable
    a)Salaried person : salary slips for last 3 months and bank statement for last 3 months or ITR/Form 16 of latest one year.
    b) Businessman/Professional/self employed: last three years profit & loss account and balance sheet, & ITR copies of last 3 years and Bank statement of business account for last 3 months.  
  4. Vehicle inspection report, RC/TC Book Copy.
Conditions apply