Convenient car loans to drive home the car you wished for…
Convenient car loans to set you up with the car you’ve always wanted…
Own that dream car with special loan rates at Rajarambapu Sahakari Bank LTD.
We offer funding at a reasonable rate that you can return comfortably over time.
So get your loan today because with great offers comes great happiness!
1. Loan for new personal 4-wheeler vehicle
Features
- Loan up to rupees 50 lacs ??
- Easy documentation process
- Repayment: up to 84 months max* ??
- Pre-payment Penalty: NIL ??
Rates & Charges
- Margin: 10%
- Interest Rate: 8.50% p.a.
- Service charges
- Current charges
- Click here to view the complete table of charges applicable.
Eligibility Criteria
- Applicant\s should be of the age of 21+ (Self-employed individuals should be 23+)
- Applicant\s should be salaried/ self-employed/ businessmen
Documents Required
- Proof of identity
- Proof of address
- Proof of income
- Vehicle invoice/quotation
- KYC
2. Loan for new commercial vehicle
- Down Payment Margin: 25%
- Interest rate: 9.00%
3. Loan for 2nd Hand Vehicle
A. Under 1 year old
- Down Payment Margin: 30%
- Interest rate: 10.00%
B. Under 2 years old
- Down Payment Margin: 35%
- Interest rate: 10.00%
C. Under 3 years old
- Down Payment Margin: 40%
- Interest rate: 10.00%
D. Above 3 years old
- Down Payment Margin: 50%
- Interest rate: 10.00%
Vehicle Loan for 2-wheeler
- Margin: 10%
- Interest rate: 8.50%
