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  • 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.

  • Bank has reduced its MCLR by 30 basic points (bps), now MCLR for one year is

  • Bank has reduced NRLLR by 75 basic points(bps), now NRLLR is

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

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

  • 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

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

  • 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

  • Bank has opens its 141st Branch at Canal Road, Dehradun .new

  • 97th Annual General Meeting of Nainital Bank held on 20th September 2019, at Nainital
    -Click here for Press Releasenew

  • Launch Of New SB Scheme –Naini Mahila Samrudhi Savings Bank Accountnew
  • Declaration of Result of Online Examination for Recruitment of Officers and Clerks held on August 24 & 25, 2019new

  • Notice for Shareholdersnew

  • Bank sponsored children's football team tournament on 15th August, 2019 where our Chairman & CEO Sh. Dinesh Pant was Chief Guestnew

  • Bank has reduced its interest rates on various Retail products:
    Now Home Loan is available @ 8.40% p.a.
    Car Loan @ 8.80% p.a.
    Education Loan @ 9.60% p.a.
    Personal Loan @ 11.40% p.a.
    Loan to Govt. Contractors @ 9.20%

  • Bank celebrated it's 98th foundation day on 31st July, 2019 with gaiety and enthusiasmnew

  • Waiver of processing, documentation & other charges applicable to "Apna Asiana” and “Suhana Safar” up to 30.09.2019. new

141 Branches - 100% CBS/RTGS/NEFT Enable
Home > Personal Banking > Loan > Suhana Safar for Vehicle
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

  • 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)