Purchase of a New Car/ Electric car
Maximum limit of Rs. 150 Lakh
1 or 2 / 3, whichever is lower
Salaried & Businessmen: Maximum of 7 years.
Takeover of car loans from other Banks/Institutions, subject to norms.
Up to 3 years
Above 3 years to 5 years
5 years to 7 years
As per extant shareholding norms.
Hypothecation of car
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