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Suhana Safar Scheme For Financing of Four / Two wheeler
Eligible Borrower:    

All Individual(s).

Purpose - For personal / private use only:
  • To purchase new / old four wheelers (Car/Jeep) and new two wheelers and

  • To repay the loan of other Banks / Financial Institutions / Finance Companies.

Nature & Amount Of Facility :

For New vehicles : Maximum - Rs. 75.00 Lacs
For Old vehicles
(Four wheeler only)
: Maximum - Rs. 25.00 Lacs

Margin:

For New vehicles : Minimum 10% of on road price
Minimum 15% of on road price
For Old vehicles : Minimum 25% of present value.

Rate Of Interest:

Click here for latest Rate of Interest

(*Special concession allowed in Festive offer, however no other concessions are allowed)

Repayment Schedule:

For New vehicles : Maximum 84 months (EMI)
For Second
hand vehicle
: Maximum 48 months (EMI)

For farmers- The repayment may be fixed on half yearly basis considering the cropping pattern and interest applied at monthly rest is to be serviced on monthly basis separately.

Application form for Suhana Safar