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  • Notice for shareholders 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 has opens its 141st Branch at Canal Road, Dehradun .new

  • Launch Of New SB Scheme –Naini Mahila Samrudhi Savings Bank Accountnew
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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)