Nainital Bank - Home Page
  • BANK OPENED ITS 149th BRANCH AT BHAUWALA, DEHRADUN AND 150th BRANCH AT CHIDDERWALA, DEHRADUN ON 6th NOVEMBER, 2020. SH. DINESH PANT, CHAIRMAN & CEO INAUGURATED BOTH THE BRANCHES

  • BANK OPENED ITS 148TH BRANCH AT BHANIYAWALA, DEHRADUN ON 5TH OCTOBER, 2020. MR. DINESH PANT, CHAIRMAN & CEO INAUGURATED SAHASTRADHARA AND BHANIYAWALA BRANCHES.new

  • Bank opened its 146th Branch at Danpur, Rudrapur on 29.09.2020 and 147th Branch at Govindpuram, Ghaziabad on 30.09.2020. Mr. Dinesh Pant, Chairman & CEO of the Bank inaugurated both the branches.new

  • 98th Annual General Meeting of Nainital Bank held on 10th September,2020 through VC at Bank's Head Office, Nainital.new

  • Bank paid tribute to its founder father Bharat Ratna Pt. Govind Ballabh Pant on his 133rd birth anniversary on 10th September,2020.new

  • Notice for shareholders new

  • Bank celebrated its 99th Foundation day with great fervour and enthusiasm by organizing simple events and remembering and paying tribute to its founder fathers including Bharat Ratna Pt. Govind Ballabh Pant.new

  • Bank has opened its 145th branch at Jail Road Crossing, Haldwani on the auspicious day of Bank's 99th Foundation day. Our hon'ble Chairman & CEO Sh. Dinesh Pant inaugurated the branch.new

  • To fulfill its CSR responsibilities Bank adopted Himalayan black bear, Red Panda, Goral, Kaliji Pheasant and love bird for one year at G.B.O\Pant High Altitude Zoo at Nainital alongwith tree plantation activity on ceremonial occasion of Bank's 99th Foundation Day.new

  • IN VIEW OF COVID-19 CRISIS 'EMERGENCY CREDIT LINE GUARANTEE SCHEME' IS AVAILABLE IN OUR BANK FOR MEETING THE ADDITIONAL TERM LOAN/WORKING CAPITAL FACILITY UPTO 20% OF TOTAL OUTSTANDING AS ON FEBRUARY,29,2020 TO ELIGIBLE BUSINESS ENTERPRISES /MSMEs.new

  • Our Chairman & CEO Mr. Dinesh Pant has been elevated to TEG Grade / Scale VII in the rank of General Manager in Bank of Baroda w.e.f. 01.04.2020.new

  • Bank has launched COVID Emergency Credit Line (NCECL) loan scheme to provide liquidity support to borrowers impacted by COVID-19 pandemic.new

  • Bank has formulated Naini Kissan Credit Card (NKCC) scheme for meeting working capital requirements for animal husbandry and fisheries activities to help the farmers.new

  • Bank has also revised its SEED POLICY for credit facilities to seed processing units for FY-2020-21 wherein interest rate has been linked with CMR rating and collateral coverage.new

  • Mr. Dinesh Pant, Chairman & CEO, Nainital Bank donated his ONE month salary to "PM CARES" for COVID 19 outbreak victims.new

  • Nainital Bank is contributing Rs. 11.00 lakh (Rs. Eleven lakh only) for Chief Minister Relief Fund under CSR for COVID 19 outbreak victims. new

  • Employees of Nainital Bank contributed Rs. 14.20 lakh (Rs. Fourteen lakh twenty thousand only ) for "PM CARES" for COVID 19 outbreak victims.new

  • "Bank requires career oriented professionals as specialist officers in the category of Chartered Accounts, Credit Officers, Marketing Officers, IT Officers,Risk Officer, Planning Officer and Law officer". For details visit the Bank's website. new

  • Bank's esteemed customers are informed that the ATM withdrawal limit per Card per day reduced from Rs 40,000/- to Rs 20,000/- w.e.f. November 01,2018.

  • All esteemed customers holding magnetic cards are requested to get their cards replaced with EMV chip cards for uninterrupted card services.

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Home > Personal Banking > Loan > Suhana Safar for Vehicle
waiver
Scheme for Financing of Four / Two wheeler
Eligible Borrower :
  • Salaried Employees/Pensioners /Staff members / Ex-Staff members.

  • Businessmen, Professionals, Farmers

  • Directors of Private / Public Ltd Co.

  • Proprietor of firm, Partners of partnership firm,

  • Corporate Entities i.e. Public Ltd Co / Private Ltd Co / Proprietorship firm/Partnership/LLP/Trust/Society etc. earning profit during last two financial years as per audited balance sheet/ ITR.

Purpose - For personal / private use only :
  • For purchase of new passenger Cars, Multi Utility Vehicles (MUVs), SUVs etc. for private use.

  • For purchase of used car not more than -3- years old for private use.

  • For purchase of new Two Wheeler for private use.

Nature & Amount of Facility :
  • For New Four Wheeler : Maximum – Rs.75.00 Lakh

  • For Old Four Wheeler : Maximum – Rs.25.00 Lakh

  • Two Wheeler (New Vehicle only) – Rs.5.00 Lakh


Margin:
  • For New Vehicles– Four Wheeler: Minimum 10% of On-road Price*

  • Two Wheeler: Minimum 15% of On-road Price

  • For Old Vehicles– Minimum 25% of Present Value**.

  • *On-road Price: Ex-Showroom Price inclusive of Registration Charges, Life Time Road Tax, Vehicle Insurance and Dealer Handling Charges only.

  • **Present value: As per Valuation by Approved garage/valuer.


Rate Of Interest:

Click here for latest Rate of Interest


Repayment Schedule:
  • New Car (Loan up to 25.00 lac) – Maximum 84 months (EMI)

  • New Car (Loan above 25.00 lac)–Maximum 120 months (EMI)

  • Old Car – Maximum 48 months (EMI)

  • Two Wheeler- Maximum 60 months (EMI)