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AXIS PNB HDFC BOB CORPORATION BANK ANDHRA BANK INDIAN BANK ALLAHABAD BANK STATE BANK OF HYDERABAD CANARA BANK UNION BANK OF INDIA IDBI STD CHRTD BANK ORIENTAL BANK OF COMMERCE ICICI BANK CENTRAL BANK OF INDIA UCO BANK PUNJAB AND SINDH BANK SBI BOI

TWO WHEELERS FINANCE Eligibility

Individuals in service with minimum net monthly salary of Rs. 10000/ Students, aged 18 years and above, with salaried parent as co-borrower; Business concerns (Corporate or non-corporate). Income of spouse can be added.

Purpose

For purchase of new two wheelers viz. Scooter(s), Motor cycle(s), Moped(s).

Amount of Loan

For Scooters / Motorcycles - Maximum Rs. 1.00 lac For Mopeds Maximum Rs. 10000/Margin

Individuals - 10% (Salary through bank/check off facility) Business Concerns - 25%

Security

The vehicle purchased with the amount of loan is to be hypothecated to the Bank. It will be registered in the name of the borrower jointly with the Bank.

Loan upto Rs. 25,000- No Guarantee Loan above Rs. 25,000- Suitable Guarantee acceptable to bank.

Rate of Interest Click Here to view rate of interest

Repayment

For scooter and Motorcycle: Maximum 60 EMIs. For Scooterrete : Maximum 30 EMIs. For Moped: Maximum 24 EMIs.

Upfront Fee & Documentation Charges

Upfront Fee: Rs.275/ + Service tax + Education cess. Documentation Charges: Rs.275/ + Service tax + Education cess All other terms & conditions of the scheme as applicable.

Eligibility Criteria The eligibility criteria for a Two Wheeler Loan are: You are a salaried or self-employed individual. You are between =>21 years (at the time of application) and <= 65 years (at the end of the loan tenor). Your minimum gross income is equivalent to Rs. 54,000/- p.a. if you reside in Mumbai, Delhi, Chennai, Bangalore, Calcutta, Pune and Rs. 42,000/- p.a. for all other cities. You have been residing for atleast 1 year in the city. Atleast 1 year at the given residence address ( In case of transfer from other location with less than 1 year at current location - please provide relevant documents to the bank during loan approval stage).

You have been working for atleast 1 year. You have a phone at your residence or office.

Documentation Required Applying for a Two Wheeler Loan is absolutely simple. All you need is: Proof Of Identity : Any one of Passport Copy/ Photo Credit card- front & reverse/ Voters ID card/ Driving Licence/ PAN card/ Copy of Company ID card of MNC/ Public Ltd./ PSU/ Govt. company/ Ration Card (If Photo is given). Address Proof : Any one of Passport Copy/ Voters ID card/ Driving Licence/ Rental agreement/ Telephone Bill/ Electricity bill/ Gas Connection Bills/ Ration Card/ Sale deed/ Property purchase agreement/ Credit Card billing statement (latest)/ LIC policy/ Letter from Company or Company provided Accommodation (List of the company's as per the Banks ListID card of MNC/ Public Ltd.,/ PSU/ Govt. Company Containing the residence address), Address proof in the name of the applicant's Spouse or parents name is acceptable. Income Proof For Salaried : Latest Salary slip for Govt. employees; If Salary slip is not available, Only salary certificate to be accepted with deductions, For Partnership/ Proprietary firms & Pvt. Ltd. Co's- Salary Certificate to be accepted with the following mitigants: Salary Certificate to clearly state the deductions, Name & Designation of the authorized signatory. For Self-Employed - Copy of the latest I. T. return.

Bank of Baroda Two wheeler loan | Eligibility | Interest rates | Apply

Bank of Baroda Two wheeler loan: Bank of Baroda offers two wheeler loans with low rate of interest, less documents, Easy eligibility and hassle free documentation For those individuals who prefer to travel more conservatively or to get to their destinations faster, a two-wheeler is as much a boon as it is to a car owner. With newer models coming out each year, the options available to the customer are both attractive as well as convenient Bank of Barodas Two-Wheeler Loan make it possible to purchase a two-wheeler and pay back in easy monthly instalments, thereby reducing the burden of a one-time payment.

All resident Indians, salaried, professionals, self-employed, businessmen and farmers can apply for this loan. Terms & Conditions

Finance for a minimum of Rs. 5000 and a maximum of Rs. 1 Lakh (or five times of the monthly income, whichever is less) can be availed of through the loan. Margin of 10% on loan amount. The loan amount can be repaid in maximum 60 months from the date of disbursement of loan. As a security, the vehicle to be purchased out of the loan is to be hypothecated to the bank. For loan exceeding Rs. 50000, a third party guarantee and / other securities like NSC, Share certificates, etc or a mortgage of property owned. The vehicle will have to be insured with the banks clause.

Baroda Loan for Two Wheelers 4.00% above Base Rate i.e. 12.50%.

'CorpVehicle' gives you greater value, flexibility, convenience and affordability. Perhaps you have been postponing your needs to have a two wheeler/four wheeler for quite a long time. The CorpVehicle loan scheme has been designed for people like you, who would like to move up in life without paying through the nose for it. CorpVehicle offers you the easiest motor cycle/Car loans with absolutely no hassles. Isn't it time to get a motor cycle/car of your own? 1. Eligibility v Individuals [Professionals/Businessmen/ Salaried class and others] NRIs, Sole Proprietorships, Partnership Firms, HUFs, Companies, Trusts/ Institutions are eligible. v Main applicant shall have income.

v Income of the spouse/close relative/s can be included if they join as Co-applicants to supplement repayment capacity.

v In case of Company/Firm/Trust, Directors/Partners/Trustees having regular/ independent income can join as co- applicant/s to supplement repayment capacity.

v In case of salaried class, applicant/co applicant must be confirmed in the service.

v For 2 & 3 wheelers :Applicants to have a minimum NET annual income of Rs.0.50 lakhs.

v For Four wheelers :Applicants to have a minimum NET annual income of Rs. 1.20 lakh. v Cash accruals/Depreciation also added to income, in case of borrowers other than salaried class.

v In case of loan to Road/Water Transport Operators & where vehicle is used for commercial purposes & for Educational Institutions, repayment capacity is arrived at based on Debt Service Coverage Ratio (DSCR).

2. Purpose v For purchase of 2/3/4 wheelers/heavy /transport/business/commercial purpose. road/water transport vehicles/ for personal

v Vehicles used for mining/ digging activities, like excavators/ Bulldozers/ JCB/Crane/Road Rollers etc., are NOT considered under the scheme.

3. Loan Amount v For 2 wheelers : Rs. 1 lakh per vehicle

v For 3 wheelers : Rs. 2.00 lakh per vehicle

v For 4 wheelers and heavy vehicles/water transport vehicles : Maximum Rs. 75 lakh per vehicle

4. Rate of Interest Please click here to download:

Fixed rate option is not available under the Scheme 5. Margin v 15% of cost of the vehicle (cost of the vehicle is inclusive of Accessories/Registration/Road tax/Insurance charges) for new vehicles

v 25% of market value certified by the competent valuer, for second hand vehicle not completed 3 years from the date of first registration.

v Valuation obtained from the Banks empanelled valuer or Authorized dealer of vehicle manufacturer.

6. Security Hypothecation of the vehicle along with noting of Bank's lien in the Registration Certificate and Insurance Policy. 7. Guarantee Not Mandatory. However, third party guarantee or any collateral securities will be stipulated, on case to case basis, by the Sanctioning Authority at his/her discretion based on risk perception. 8. Collaterals Collateral security stipulated at the discretion of the sanctioning authority. 9. Repayment v Maximum 60 months for purchase of 2/3 wheelers v Maximum 84 months for other than 2/3 wheelers. v In case of second hand vehicles, maximum repayment period will be reduced by the extent of the age of the vehicle. v In case of seasonal income, Quarterly/ Half yearly/Yearly instalments stipulated. v In case of loan to Road/Water Transport Operators & where vehicle is used for commercial purposes & for Educational Institutions, repayment capacity is arrived at based on Debt Service Coverage Ratio

(DSCR) v EMI/ Notional interest as a % to net income is reckoned as per applicable guidelines.

10. Processing Charges For Fresh Loans sanctioned from 15.06.2011 to 30.09.2011 Processing Charge is waived. Two wheeler & three wheeler 0.50% of the loan amount sanctioned with a minimum of Rs. 500/-. Four wheelers 1.00% of the loan amount sanctioned with a minimum of Rs. 1,000/-

Vehicle Loans - General - Two Wheelers

Nature of the Scheme 2 wheeler and 4 wheeler loans to Individual Eligibility

Any individual having minimum gross income of Rs. 1.00 lac per annum for 4 wheelers and Rs. 60,000 /- p.a for 2 wheelers.

Vehicle Loans - Women Borrowers - Two Wheelers

For 2 wheelers income should be more than Rs. 60,000 /- p.a 50% of the husband's salary will be taken for computing eligibility provided he is a coobligant.

INDIAN BANK IB Vehicle Loan Salient Features For purchase of New Two Wheeler or New / Used Four Wheeler(Used four wheeler should not be more than 3 years and should be certified by reputed automobile engineer / valuer) * Salaried Class with minimum service of three years. * Businessmen, Professionals and Self-employed with minimum experience of three years. * Pensioners with repayment capacity. * Minimum Gross monthly income for purchase of Four wheeler should be Rs.20,000/-. * 20 times of Gross Monthly Income Spouse Income can be included for calculating eligible amount if he / she has steady income. * Take home Income should be more than 40% of gross income after deduction of EMI for the proposed loan, apart from other deductions. * For Businessmen, Professionals & self-employed, based on their average income earned in the last 3 years and capacity / ability to repay the loan. * Maximum Loan amount for purchase of Two Wheeler : Rs.50,000/-. * Four Wheeler: Rs. 15,00,000/-" * 15% for New Vehicle. * 40% for used vehicle (Four wheeler). 0.30% of loan with a minimum of Rs. 300/Not exceeding 60 EMIs (No Holiday Period). * Hypothecation of Vehicle to be purchased out of Loan. * If the loan amount exceeds Rs. 7.50 lakhs, additional security equivalent to amount exceeding Rs. 7.50 lakhs to be provided in the form of Fixed Deposit Receipts / NSCs / LIC Policy (with surrender value equivalent to the security to be provided) / Mortgage of immovable property. 1. Completed Application Form with passport size photograph. 2. Proof of Identity such as PAN Card / Voters ID/Passport/Driving License. 3. Proof of residence such as Recent Telephone Bill / Electricity Bill / Property Tax Receipt / Passport / Voters ID. 4. Proof of business address in respect of businessmen / industrialists.

Eligibility

Quantum of Loan

Margin Processing fee Repayment Period

Security

Documents to be submitted for processing the application

5. Proof of Employment. 6. Salary Certificate. 7. Proof of other income like rent, interest on investment, if any. 8. Balance Sheet for the past three financial years in the case of Professionals, Businessmen & Self employed. 9. Income Tax / Wealth Tax (if applicable) Returns for the past 3 years. 10. Copy of Driving Licence. 11. Quotation for Vehicle to be purchased from the authorized dealer. * BPLR and BASE RATE Available in Home Page

Allahabad Bank Two Wheeler Loan: To enable more and more individuals to personally own two-wheelers, Allahabad Bank Ltd. has come up with an easy loan scheme, offered at Allahabad Bank Two Wheeler Loan rate, to customers who satisfy Allahabad Bank Two Wheeler Loan eligibility norms. Allahabad Bank Two Wheeler Loan Interest Rate:

Loan is offered at Allahabad Bank Two Wheeler Loan rate calculated on base rate. The base rate for lending purposes stands at 9.50% per annum Hence, effective Allahabad Bank Two Wheeler Loan interest rate is at:

Base rate + 3% per annum = 12.50% per annum Allahabad Bank Two Wheeler Loan Eligibility Norms: As per the pre-specified set of Allahabad Bank Two Wheeler Loan eligibility criteria, individuals who satisfy below mentioned conditions are eligible for loan at Allahabad Bank Two Wheeler Loan interest rate:

Salaried persons, who are permanent employees Above should have their minimum monthly salary as Rs.4000 Non-salaried borrowers, such as:

a) self-employed: businessmen

b) professionals c) agriculturists

Minimum and maximum age of borrower should be 21 years and 60 years respectively to be able to avail of loan at Allahabad Bank Two Wheeler Loan interest rate.

Quantum Of Allahabad Bank Two Wheeler Loan:

Maximum amount of loan that may be disbursed, irrespective of individual profile of borrowers: Rs.40, 000 Above is calculated so as to include the cost of insurance A margin of over 10% is considered before disbursement of amount.

Procedure To Be Followed While Applying For Allahabad Bank Two Wheeler Loan:

One may approach bank if above specified Allahabad Bank Two Wheeler Loan eligibility criteria are met; and submit following documents:

a) Proof of identity b) Salary / income proof c) Proof of age d) Address proof

However, a security is charged in the form of:

a) Primary: vehicle is hypothecated and registered with the RTA, as per bank clause b) Secondary: If repayment mode is deduction from salary of borrower, the spouse should also be a guarantor In other cases, an acceptable third party guarantee is required or an already existing security in some-other loan scheme.

One-time processing charge at Rs.500 is also levied at the time of loan-processing. It is over and above interest at Allahabad Bank Two Wheeler Loan rate.

Tenure Of Allahabad Bank Two Wheeler Loan: In case of salaried employees, the loan should be repaid in a tenure that does not extend beyond the last 3 months prior to retirement. Amount of EMI would include principal and interest on it at Allahabad Bank Two Wheeler Loan rate.

Repayment Of Allahabad Bank Two Wheeler Loan: All borrowers who had availed of loan, after having satisfied Allahabad Bank Two Wheeler Loan eligibility norms, should repay entire amount of loan, in equated monthly installments, including interest at Allahabad Bank Two Wheeler Loan interest rate. The two modes of repayment are:

Post-dated cheques of EMI amount. Direct deduction from salary account of borrower

Pre-Closure Of Allahabad Bank Two Wheeler Loan:

If loan-account of borrower is pre-closed, via take-over by any other third party financial institution, such as banks, etc, then a charge of 2% on amount outstanding is levied. No other hidden charges are levied, and it is independent of the Allahabad Bank Two Wheeler Loan rate.

Product Page URL: Interested applicants may log on to official website or visit at link to know more about Allahabad Bank Two Wheeler Loan eligibility norms and other factors: http://www.allahabadbank.com/mobike.asp Branch Office Address (In Table): City Delhi Branch CHANDNI CHOWK PAREL BRANCH Address Phone number 4398, CHANDNI CHOWK, 011-23940358 / POST BOX NO. 1027 23926888 DR. AMBEDKAR ROAD, 022-24131618 PAREL, POST BOX NO. 6610 MUMBAI-400 012. MAHARASTRA, Pin: 400012 118, B.B. CHATTERJEE 033- 24054039 STREET KOLKATA - 700042 20, SIR THYAGARAYA 044-24346650 ROAD,T.NAGAR,PIN - 600017

Mumbai KASBA T.NAGAR

Kolkata Chennai

Personal Advances / SCOOM (Two Wheelers) Purpose Purchase of Two Wheeler (Scooter/Motor Cycle / Moped) a. Permanent employees of Central/State Government, Defence establishments and Public Sector organizations. b. Profit making private sector organizations. c. Minimum net salary Rs.1000/- per month. d. Deductions (inclusive of proposed deductions for loan being considered under the scheme) should not exceed 33% of gross income. Term Loan.

Eligibility

Nature of Advance Margin

10% Upto 12 times the net monthly income or 90% of the cost Loan Amount The vehicle and essential accessories (but excluding registration, insurance and other incidental charges) whichever is less. Security Hypothecation of vehicle. Insurance Comprehensive Insurance. Repayment As per option of 36, 48, 60 Equated Monthly Instalments.

TWO WHEELER LOANS

Eligibility: Individuals including professionals and salaried class.

Quantum of loan: Salaried class : 80 % of the invoice value or 15 months of net salary whichever is less. Professionals & other non-salaried class : 80 % of the invoice value or to the extent of 50 % of their annual net income in the immediate previous year whichever is less.

Rate of interest: PLEASE VISIT OUR PAGE ON RATE OF INTEREST ON PERSONAL LOANS

Repayment: In convenient EMIs of 48 months. Selectively 60 months also considered. Documents / Formalities Stipulated Loan Application with 2 passport size photos Latest salary certificate and Form No.16 / income - proof like ITAO / IT Return, Financial Statements as the case may be Proforma Invoice or valuation report (as the case may be) Guarantee / co-obligation. Waiver considered selectively

Processing charges: 0.1 % of the loan amount subject to minimum of Rs.100/- and maximum of Rs.250/-.

UNION MILES

Union Miles Scheme is offered to individuals /firms for vehicle finance for thier personal use.

ELIGIBILITY

Individuals above 18 years of age Permanent employee of Central/State/Defence/Police Force/Public or Joint Sector Undertaking/reputed firms/ established Educational Inst. Professional/Businessmen having regular income. Borrower has at least minimum services to liquidate the loan 1 year prior to retirement. Firms / Companies.

PURPOSE
For Purchase of new two/four wheelers, for personal or professional use Second hand vehicles upto 3 years old also eligible.

QUANTUM

Two Wheeler- 4 times the net annual income as per ITR/salary slip subject to a maximum loan of Rs 1 lacs for new vehicle

MARGIN

15% of on road price (Ex-Showroom + registration + Insurance + Road Tax) 50% of cost of old vehicle

REPAYMENT
Two Wheelers - A Maximum of 36 months in Equated Monthly Installments(EMIs ).

RATE OF INTEREST (w.e.f. 08.08.2011 Base Rate = 10.75%) Period Rate Of Interest(fixed) 2 Wheelers Upto 3 Years 15.50% p.a

PROCESSING CHARGES (EXCLUDING SERVICE TAX)

0.5 % of loan amount subject to maximum Rs. 6000.

SECURITY

Hypothecation of vehicle financed by the Bank. Bank's lien to be got noted with the transport authorities.

PREPAYMENT PENALTY No prepayment penalty if the loan is adjusted by the borrower from his own verifiable legitimate sources of income or genuine sale. However , 2% charged on an average o/s balance of last 12 months if loan is closed on take over by other bank/financial institutes GUARANTEE

Guarantee of the spouse. In case unmarried, third party guarantee with sufficient means.

IDBI BANK Two Wheeler Loan To Farmers IDBI Bank grants term loan upto Rs. 50000/- for purchase of two-wheeler to the farmers with an objective to supervise agricultural operation in time to increase mobility of farmer and timely access to the market.
Auto Loan

Eligibility Criteria Salaried:

Min age of the applicant: 22 years. Max age of the applicant: 65 years. Min. 2 years in service. Min. Annual Income of Rs. 1,50,000/Income proof: Salary Slip, Form 16/ ITR, Bank statement showing salary credit.

Self-Employed Professionals:

Min age of the applicant: 22 years. Max age of the applicant: 65 years. Min. 2 years in profession. Min. Annual Income of Rs. 1, 50,000/Income proof: for Last 2 years with computation of income / certified financials, Balance Sheet, P & L A/c, Bank statement.

Documentation Age Proof:

Address Proof:

School Leaving Certificate Passport Driving License Election ID Card Birth Certificate LIC Policy PAN Card

Passport Driving license Election Id card Telephone Bill/Electricity Bill Title deed of property/Rental Agreement Employers letter Sales Tax RC/ITR/Form 18 Income Proof: Latest 2 months salary slips; Form 16/ ITR for last 2 years; Bank Statement reflecting salary credits for 4

Identity Proof:

Passport PAN Card

Election Id card Driving License Photo Credit Card Employers ID Card

months. Bank Statement: - Income Statement, Balance Sheet and ITR for last 2 years, Bank Statement for 6 months.

Fee & Charges

Processing Fee

For Segment A & B Vehicles: Rs. 2500 + applicable service tax For Segment C & D Vehicles: Rs. 5000 + applicable service tax. Documentation charges

As per actual cost

Repayment Repayment is done through Equated Monthly Installments (EMIs) comprising both principal and interest. Servicing of EMI would be through

Post Dated Cheques (PDCs) Standing Instruction ECS Foreclosure Charges:

Within 2 years from the date of Disbursement: 2% of the loan amount outstanding. After 2 years: Nil if paid from own sources.

STD CHRTD BANK

Standard Chartered Bank offers auto loan to its borrowers with an attractive interest rate. Make your dream come to true of owning your brand new car. You can avail the loan to purchase two wheeler (Scooters, Mopeds, Motor Bikes) and four Wheeler (Car, Jeep, Utility Vehicle). Standard Chartered Bank Auto Loan Highlights

Loan amount up to 100% of vehicle value Loan tenure up to 84 months (minimum 12 months) Top-up option allows you to re-borrow what you have repaid Equal monthly instalments (EMI) over the loan tenure Fast Loan approval process Loan available for second-hand vehicles that are up to 6 years old from the year of manufacture Loan available to salaried and self-employed individuals

Eligibility Criteria

Minimum age of applicant: 21 years Maximum age of applicant: 65 years (at the time of loan maturity) Work Experience: Minimum 1 month service experience for salaried individuals & 1 year service experience for self-employed individuals Minimum income: BHD 250 per month

Documentation

ID Proof Residence Proof Income Proof Telephone Photograph Bank Statement Signature Proof Valid driving license In case of second-hand vehicle, the valuation certificate from a reputed garage.

Purpose : For purchase of new scooter/motor cycle/ car/jeep etc. (Non commercial use to be registered as Private vehicle). Eligibility: Individuals working in Govt. departments/PSUs/ Recognized Schools & Colleges/ Reputed companies with a minimum of 1 year of service having minimum income For two wheelers - Rs. 6,000/- p.m (Gross Salary); For cars - Rs.10,000/- p.m (Gross Salary). In case of Business Entities, established business for not less than two years may be considered for sanction of car/vehicle loan Amount of Loan: 30 months Net take home Salary/Income subject to the condition that net take home salary after deduction of proposed loan instalment should not be less than 40% of the gross salary. Income of the spouse can also be considered if spouse agrees to guarantee the loan. In case of existing home loan borrowers, net take home salary should not be less than 30% of gross salary after payment of the proposed loan instalment. Maximum Loan Ceiling: For two wheelers - 90% of the cost of two wheeler including registration charges, insurance and road taxes. For new cars - Rs.10 lacs. Security: Hypothecation of the Car/Vehicle & Personal Guarantee(s). Margin: For two wheelers - 10% For cars -15% Process Fee 0.50% of loan amount with minimum of Rs. 500/-. Click Here for Rate of Interest Repayment: For Two Wheeler 60 months (maximum)

For New Car/MUV 84 months (maximum) In case of employee, subject to remaining period of service/ repayment capacity. For second hand Cars : Maximum Rs.7.50 lacs Margin- 20.00% under TVS(True Value Scheme) 30% for Non TVS . Oriental Bank Of Commerce Two Wheeler Loan: An easy finance scheme at Oriental Bank of Commerce Two Wheeler Loan interest rate is available to all applicants who are found suitable as per Oriental Bank of Commerce Two Wheeler Loan eligibility conditions. However, vehicle to be used should only be for private registration. Oriental Bank Of Commerce Two Wheeler Loan Eligibility Norms: Prescribed set of Oriental Bank of Commerce Two Wheeler Loan eligibility criteria state that following may be able to avail of loan offered at Oriental Bank of Commerce Two Wheeler Loan rate:

Salaried and permanently-employed persons of government concerns and reputed companies, including private and public. Non-salaried borrowers, inclusive of self-employed business persons and traders; and professionals including doctors and engineers Above should have a minimum salary of at least Rs.6000 per month.

Oriental Bank Of Commerce Two Wheeler Loan Interest Rate:

Oriental Bank of Commerce Two Wheeler Loan rate is dependent on base rate as specified. Base rate at present is equal to 9.50% per annum. Effective and applicable Oriental Bank of Commerce Two Wheeler Loan rate varies as per tenure of loan:

a) Maximum of 3 years: base rate + 2.25% per annum b) Beyond 3 years: base rate + 2.75% per annum

ROI determination is not dependent on Oriental Bank of Commerce Two Wheeler Loan eligibility criteria.

Quantum Of Oriental Bank Of Commerce Two Wheeler Loan:

Amount of loan that may be disbursed is equivalent to a maximum of 30 times of monthly salary (net)

Amount of loan is calculated so that EMI on it, along with other deductions does not exceed 60% of gross total income. Margin on loan is at 10% Maximum loan quantum is calculated at 90% of cost of vehicle, along with registration, insurance charges. Oriental Bank of Commerce Two Wheeler Loan interest rate does not depend on quantum of loan.

Procedure To Be Followed When Applying For Oriental Bank Of Commerce Two Wheeler Loan:

Applicants may be able to avail of loan by either logging on to official website of bank or visiting any branch they find convenient, provided they are able to meet Oriental Bank of Commerce Two Wheeler Loan eligibility conditions. Security is in the form of hypothecation of vehicle. Processing charges are levied at 0.50% on amount, subject to a minimum of Rs.500 Above fee is apart from Oriental Bank of Commerce Two Wheeler Loan rate of interest.

Tenure Of Oriental Bank Of Commerce Two Wheeler Loan: Loan has repayment tenure of 5 years and all borrowers should necessarily pay the desired number of installments, inclusive of interest at Oriental Bank of Commerce Two Wheeler Loan interest rate. Repayment Of Oriental Bank Of Commerce Two Wheeler Loan:

Loan should mandatorily be repaid in a maximum of 60 equated monthly installments, which would include interest as well, calculated at Oriental Bank of Commerce Two Wheeler Loan interest rate. In case of salaried category, above is subject to the condition that tenure does not stretch beyond retirement year.

Prepayment Of Loan:

Partial prepayment may be done, to a maximum of 25% annually; no penalty would be charged in such a case. Pre-closure of loan account may also be done via transfer to any other bank. However, above attracts a penalty of 2% on amount that is left outstanding. It is levied independent of Oriental Bank of Commerce Two Wheeler Loan rate.

Default / Delay In Re-Payment Of Oriental Bank Of Commerce Two Wheeler Loan: A penalty at 2% on amount overdue is levied, in case of a delay in payment of an installment.

Icici Bank Two Wheeler Loan: Bank offers finance on easy and convenient terms of ICICI Bank Two Wheeler Loan rate to applicants who are eligible as per ICICI Bank Two Wheeler Loan eligibility norms. Loan is offered only on Harley Davidson models of motorbikes. ICICI Bank Two Wheeler Loan Interest Rate:

Loan is provided at ICICI Bank Two Wheeler Loan rate of interest, calculated on the base rate. Effective ICICI Bank Two Wheeler Loan interest rate is at 13.75% per annum.

ICICI Bank Two Wheeler Loan Eligibility Norms: Following are persons eligible for loan:

Minimum age at the time of application should be 21 years. Maximum age at maturity should be 60 years, in case of salaried employees and 65 years for non-salaried borrowers. Salaried employees should have a minimum income of Rs.48, 000 per annum Non-salaried employees should have their minimum income as Rs.42, 000, yearly.

Quantum Of ICICI Bank Two Wheeler Loan: Permissible quantum of loan at ICICI Bank Two Wheeler Loan rate that may be sanctioned to applicants eligible as per ICICI Bank Two Wheeler Loan eligibility criteria is subject to rules:

Minimum and maximum amount of loan is Rs. 7, 500 and Rs. 1, 50, 000 respectively. Actual amount of loan that may be disbursed is based on repayment capacity and on income / salary drawn.

Procedure To Be Followed While Applying For Loan:

Borrowers, who are eligible for loan at ICICI Bank Two Wheeler Loan interest rate as per predetermined ICICI Bank Two Wheeler Loan eligibility norms, may be able to apply by either:

a) visiting official link at website or b) by approaching nearest branch of bank to know more.

Documents to be submitted are as follows;

a)

Proof of identity

b) c) d)

Proof of residence Proof of age Signature verification proof

e) Proof of income / salary: as per category of borrower under ICICI Bank Two Wheeler Loan eligibility norms

Processing fee is also charged at 0.25% on loan amount. It is over and above interest at ICICI Bank Two Wheeler Loan rate.

Tenure Of ICICI Bank Two Wheeler Loan: Loan has repayment tenure between 1 year and 3 years and borrowers may opt for either 1, 2 or 3 years. Repayment Of ICICI Bank Two Wheeler Loan: Borrowers are required to repay entire amount of loan in a minimum of 12 and a maximum of 36 equated monthly installments, which would be inclusive of interest at ICICI Bank Two Wheeler Loan interest rate. Modes of repayment may be:

Post-dated cheques ECS SI

Pre-Payment Of ICICI Bank Two Wheeler Loan:

Bank levies a charge or penalty equivalent to amount that is lower of:

a) 4% on loan principal that is left unpaid Or b) Interest remaining for period of tenure still left.

Above charge is independent of ICICI Bank Two Wheeler Loan rate.

Product Page URL Of ICICI Bank Two Wheeler Loan: you may be able to avail of further details, pertaining to loan, including ICICI Bank Two Wheeler Loan interest rate at: http://www.icicibank.com/Personal-Banking/loans/two-wheeler-loan/index.html

Central Bank Of India Two Wheeler Loan:

Purchasing a two-wheeler is now easier with Cent-Vehicle offered at Central Bank of India Two Wheeler Loan interest rate. You may apply if you are eligible according to Central Bank of India Two Wheeler Loan eligibility conditions. Finance is available for e-bikes as well. Central Bank of India Two Wheeler Loan rate remains same.

Central Bank Of India Two Wheeler Loan Interest Rate:

Tenure stretching to a maximum of 3 years: 11.50% per annum Tenure exceeding 3 years: 12.50% per annum Basis for determination of Central Bank of India Two Wheeler Loan rate: base rate equal to 9.50% per annum

Central Bank Of India Two Wheeler Loan Eligibility Norms:

Persons who are at least 18 years of age when applying Organizations: all legal entities that are registered, such partnership firms, sole proprietorship, companies (private and public); government bodies Salaried employees and non-salaried individuals: minimal income of Rs.5000 / month and Rs.60, 000 per annum respectively Net take-home pay for salaried persons, should not be less than 60% of gross-total Central Bank of India Two Wheeler Loan interest rate remains uniform across all categories of applicants according to Central Bank of India Two Wheeler Loan eligibility conditions.

Quantum Of Central Bank Of India Two Wheeler Loan:

Maximum loan amount may range from Rs.20 lacs to Rs.40 lacs, depending on make of bike Margin at: 15% if sanctioned amount is a maximum of Rs.20 lacs and 25% if amount is more than Rs.20 lacs

Procedure To Apply For Central Bank Of India Two Wheeler Loan:

Security mandatory:

a) Primary: Hypothecation of vehicle b) Collateral: no requirement

Third party guarantee is required if amount sanctioned exceeds Rs.5 lacs Above condition remains uniform for all categories of borrowers as per Central Bank of India Two Wheeler Loan eligibility conditions Processing fee, one-time charge is levied independently of Central Bank of India Two Wheeler Loan rate: Rs.500 per application

Tenure Of Central Bank Of India Two Wheeler Loan: Stipulated tenure of loan is equivalent to 4 years and whole amount disbursed, namely principal and interest accrued on it, at Central Bank of India Two Wheeler Loan rate should be reimbursed within above. Repayment Of Central Bank Of India Two Wheeler Loan:

Irrespective of class of borrower as per Central Bank of India Two Wheeler Loan eligibility conditions, repayment should be done by 48 equated monthly installments. Installment amount comprises of interest levied at Central Bank of India Two Wheeler Loan interest rate and principal.

Prepayment Of Central Bank Of India Two Wheeler Loan:

If repayment is done via transfer to any sundry third party, which is a Financial Institution, penalty at 1% is charged. You may also pre-close account from your personal resources and no such penalty would be charged then. Pre-payment fee is charged apart from Central Bank of India Two Wheeler Loan interest rate.

Product Page URL Of Central Bank Of India Two Wheeler Loan: You may access more details about loan, such as Central Bank of India Two Wheeler Loan rate at: https://www.centralbankofindia.co.in/site/MainSite.aspx?status=2&menu_id=119 CENT VEHICLE' Scheme Sl Parameter No 1 Purpose:
Details

To purchase two wheeler i.e. Scooters, Mopeds, Motor Bikes, electronic bikes (e-bikes) and four Wheeler i.e. Car, Jeep, Utility Vehicles, SUV, electric cars like Reva, battery operated vehicles etc. for personal use. (i.e. not for hiring/ferrying passengers)

The finance can also be extended for purchase of old / second hand cars which should not be older than 3 years and have expected residual life of minimum 10 years

Eligibility:

All individuals of age 18 years and above who are

Companies / Proprietorships, Partnership Firm /Societies/etc.

Minimum Income Criteria (Gross Income) Salaried Persons: i. For Four wheelers - Rs.15,000/- p.m.

ii. For Two wheelers - Rs.5,000/- p.m.

Other than salaried persons:

i. For Four wheelers - Rs.1,80,000/- p.a. ii. For Two wheelers - Rs.60,000/- p.a.

Quantum of Finance:

The maximum loan amount should be as under Indian made vehicles Imported Vehicles Old Vehicle New Vehicles: Upto Rs.20 lakh: 15% More than Rs.20 lakh: 25% : : : Rs.20.00 lakh Rs.40.00 lakh Rs.10.00 lakh

Margin:

Old Vehicles: 40% irrespective of loan amount.

5
6

Security: Rate of Interest

Valuation of old vehicles should be done by approved valuer. Hypothecation of vehicle purchased. Our Hypothecation charge should be registered with Regional Transport Office Authorities.
click here for rate of interest" & for processing charges ".

& Processing Charges Repayment:

Loan is repayable in Equated Monthly Installments commencing from subsequent month of disbursement as below.

i. In case of New Vehicle: For four wheelers = Maximum 84 months For two wheelers = Maximum 48 months ii. In case of Old Vehicle: Up to 2 years old = Maximum 36 months More than two years old = Maximum 24 months

Guarantee:

No Personal Guarantee to be obtained in case of loan up to Rs.5.00 lakh.

Net Take Home Pay

The sanctioning Authority should ensure that the applicant complies to Net Take Home Pay criteria of 40% i.e. Net Take Home Pay after accounting for all deductions including present loan EMI should be minimum 40% of gross monthly salary.

Criteria: 10 Prepayment Charges No prepayment penalty is levied if the loan is adjusted by the borrower from his own sources. However, if loan is taken over by other Banks/Financial Institutes, Prepayment Penalty is charged @ 1.00 % on outstanding balance on the date of such take over.

Uco Bank Two Wheeler Loan: Easy finance is extended at UCO Bank Two Wheeler Loan rate to all applicants who are suitable under UCO Bank Two Wheeler Loan eligibility conditions. UCO Bank Two Wheeler Loan Interest Rate:

Finance is available to applicants, at a UCO Bank Two Wheeler Loan interest rate:

a) General: 13.75% per annum b) c) If liquid-collateral up-to full amount of loan is offered: 12.75% per annum If above is offered to cover 50% of loan: 13.25% per annum

Basis for determination of UCO Bank Two Wheeler Loan rate: base rate, equivalent to 9.50% per annum

UCO Bank Two Wheeler Loan Eligibility Norms:

Non-salaried persons, inclusive of self-employed and professionals Salaried class, inclusive of permanent employees of varied government companies / firms / educational institutions etc Above should have a minimum income of Rs.8000 per month to be eligible as per UCO Bank Two Wheeler Loan eligibility criteria. Pensioners may also avail of finance at UCO Bank Two Wheeler Loan interest rate

Quantum Of UCO Bank Two Wheeler Loan: Quantum of loan permissible to be extended at UCO Bank Two Wheeler Loan rate to all applicants who are eligible according to UCO Bank Two Wheeler Loan eligibility conditions is determined on the basis of:

Income earned by applicant Tenure of loan Make of the vehicle to be acquired Security offered against loan Maximum amount allowable at any of UCO Bank Two Wheeler Loan interest rate is through Rs.60, 000 Margin at 10% is also considered before disbursal of above amount.

Procedure To Be Followed While Applying For UCO Bank Two Wheeler Loan:

Applicants, who are eligible according to UCO Bank Two Wheeler Loan eligibility conditions, may either:

Offline: Approach any branch of bank convenient Online: Log on to official website of bank to know more and fill up online form Processing charge is at 1% on loan amount, subject to a minimum of Rs.500 Above is independent of UCO Bank Two Wheeler Loan rate of interest. Security required:

a) 100% of amount Or b) 50% of amount; and c) Guarantee by a third party may also be required by a third party that is acceptable to bank. d) UCO Bank Two Wheeler Loan interest rate levied is decided as per security offered. Tenure Of UCO Bank Two Wheeler Loan: Loan has repayment tenure that spans a maximum of 4 years; and entire amount should necessarily be repaid within stipulated time. Repayment Of UCO Bank Two Wheeler Loan: Borrowers of loan at UCO Bank Two Wheeler Loan rate may choose to repay loan through:

Direct deduction through salary account Pot-dated cheques EMI amount is determined such that even after deduction of present installment, along with others, you may be able to take a net salary of 40% of gross total.

Prepayment Of UCO Bank Two Wheeler Loan: No pre-closure charge is levied, if you choose to pre-pay amount before maturity of specified tenure. Product Page URL Of UCO Bank Two Wheeler Loan: to know more about loan scheme about you may also log on to official website of bank at: http://www.ucobank.com/loan.htm

CONVEYANCE - Auto Loan scheme Facilitates owning a vehicle with the friendliest and most convenient car loan. Either one can purchase a new Car/ Van/ Jeep or raise loan to purchase old vehicles that are not older than 2 years. 1.Eligibility

Employees of Central / State Govt., PSUs ,Local Registered Bodies, universities recognized by U.G.C. ,Schools/ colleges run by Govt. or local bodies with confirmed service of 3 years Professionals /Self Employed , Employees of corporates clients of Bank and General public.
21 to 65 years Salaried Class : For New Vehicles :Thrice the average of annual income of past three years as per ITR / Salary details subject to a maximum of Rs.10 lac . ( Income of spouse can be clubbed) .

2.Age limit 3. Quantum of loan

For Old Vehicles : Quantum of loan not to exceed Rs.5 lac Professionals/ Self employed, CAs doctors , Architects and General public: For new vehicle segment. Thrice the average of annual income of the past three years as per ITR subject to a maximum of Rs.10 lac ( Income of spouse can be clubbed ). For Old Vehicles :Quantum of loan not to exceed Rs.6 lacBeyond Rs.10 lac , the proposals should be sanctioned after proper appraisal outside the purview of schematic lending. For this BM /ZM may take up sanctions with in their ' maximum aggregate discretionary powers" for term loans for higher limits upto Rs.30 lac , after compliance of guidelines like margin, income etc
4.Margins For New vehicles 10%For old vehicles 30% ( Amount of loan shall not exceed 70% of market value of vehicle or value of vehicle net of depreciation @ 20% whichever is low) Please click on For rate of interest

5.Rate of interest

6.Processing fee Rs.100/- for two wheelers and Rs.500/- for Cars /Vans / Jeeps 7.Security Hypothecation of vehicle. RC / comprehensive insurance policy with bank clause

incorporated therein . Third party / mutual guarantee / guarantee of spouse except in salaried class cases where instalment is paid by salary deduction and undertaking from employer for remitting the terminal benefits is available . For new vehicles 60 months. For old vehicles Maxm.36M 1% of the outstanding balance.

8.Guarantee

9.Repayment 10.Prepayment Charges

Auto Loans: : w.e.f .01.08.2011 Category New Vehicles Repayment upto 3 Repayment > 3 years years Upto Rs.10 lacs Above Rs.10 Lacs Old Vehicles PSB Collateral Linked Auto Loan scheme

BR (10.75)+ 2.00 = BR (10.75)+ 2.50 = BR (10.75)+ 3.50 BR (10.75)+ 1.50 12.75 13.25 = 14.25 = 12.25 BR (10.75)+ 2.50 = BR (10.75)+ 3.00 = BR (10.75)+ 4.00 BR (10.75)+ 2.00 13.25 13.75 = 14.75 = 12.75

SBI provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler. SBI offers you: No Advance EMI; Lower interest rates Lowest EMI; LTV 85% of On Road Price of vehicle; Interest Calculated on Daily Reducing Balance; Flexibility of payment of EMI anytime during the month; Low processing fee (only 1.20% of loan amount);

Free Accidental insurance ; Optional SBI Life cover.

The Scheme Purpose To provide finance for purchase of new Two-wheelers viz. scooter/motor cycle/ moped/battery-operated vehicles. Eligibility To avail an SBI Car Loan, you should be : Individual between the age of 21-65 years of age. A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or A Professionals or self-employed individual who is an income tax assessee or A Person engaged in agriculture and allied activities. Minimum Net Annual Income Rs. 75,000 (for regular petrol/diesel/gas operated scooters & motor cycles) and Rs. 60,000 (mopeds and battery-operated Twowheelers)

Salient Features Loan Amount For salaried persons, the maximum loan amount is restricted to 6 times Net Monthly Income (NMI), i.e. net of all deductions including actual monthly tax deductions at source. In case of others, the maximum loan amount is restricted to half of Net Annual Income (NAI), i.e. income as per latest income tax return filed less taxes payable. For agriculturists, the net annual income should be arrived based on the nature of their activity (i.e. farming, dairy poultry, orchards, etc) land holding, cropping pattern, yield, etc., and average level of income derived there from in the area.

Documents Required The following papers are to be submitted along with loan application:

1. 2. 3. 4.

Statement of Bank account of the borrower for last 12 months. 2 passport size photographs of borrower(s). Signature identification from bankers of borrower(s). A copy of passport /voters ID card/PAN card.

5. Proof of residence. 6. Latest salary-slip showing all deductions and TDS certificate-Form 16 in case of
salaried persons

7. Copy of Income Tax Return for last two financial years, duly acknowledged by ITO
for professionals, self-employed and others.

8. Proof of official address for non-salaried individuals.

Margin 15% of the on the road price (which includes vehicle registration charges, insurance, onetime road tax).

Repayment You can repay the loan within 36 months.

Interest Click here to view the interest rates. Two- Wheeler Loan Tenure Up to 3 years Rate of Interest 8.25% above Base Rate i.e. 18.25% p.a.

Processing Fee Only 1.20% of Loan amount to be paid up front as processing fee, with minimum:Rs.250 and maximum Rs. 500 Security As per Bank's extant instructions.

ANNEXURE I STATE BANK OF INDIA APPLICATION FOR A LOAN FOR A CAR/TWO WHEELER / CONSUMER DURABLE

Signed

PERSONAL PROFILE
Name (in full)

photograph of Applicant

Father/Husbands Name

Residential Address ...................................................................................................... ... ...................................................................................................... .... ................................................................................PIN................ .... Date of Birth Tel.No.......................................... Marital Status Age Sex

Single

Married

No.of Dependents

Occupation

Name & Address of the Employer in full/ Nature of Business and Name and Address of the organisation. Tel No.

Employed

Self-Employed

.................................................................................................... .................................................................................................... ....................................................................................................

Designation & Employee No. of employed.

..................................................

................................................ FOR EMPLOYED

Date of Joining

No. Of completed years of service.

Age of Retirement

Date of Retirement

FOR SELF-EMPLOYED

No.of years in Business

Are you a Type of Organisation : Proprietor Partnership Company

Doctor

Chart.Accountant

Lawyer

Agriculturist

Consultant

Others

DETAILS OF BANK ACCOUNTS

NAME OF A/C. HOLDER

TYPE OF A/C.

NAME OF BANK & BRANCH

ACCOUNT NUMBER

................................. ................................. ................................. ................................. ................................. .

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FINANCIAL INFORMATION

1. Monthly Gross Salary 2. Monthly Net Salary 3. Other Income Source of other Income 4. Annual Income as per IT return 5. Advance tax paid in current year 6. Monthly Expenditure 7. Monthly instalments that you can pay

Rs................................ Rs................................ Rs................................ ..................................... Rs................................ Rs................................ Rs................................ Rs................................

Rs .

Rs.

AMOUNT LIABILITIES
Outstanding loans from

AMOUNT ASSETS
Savings in Bank

Accumulated EPF/GPF/A/c.

1. Bank

Units of UTI/MF

2. Employer

National Savings Certificates/LIC Policies

3. P.F. Shares & Debentures 4. Co-operative Society Immovable Property

5. Family & Friends

Other Assets (Specify)

6. Others (Specify)

LOAN REQUEST

Amount of Loan Applied for

Rs.

In words :

Purpose of Loan
Name of Article/vehicle, Make and Model Name and Address of Supplier *

Purchase of

Consumer durable
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article

Car/Jeep

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Two Wheeler
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Computer
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* Copy of Invoice enclosed.

PROPOSED REPAYMENT

1. Equated Monthly Instalment

: Rs...........................

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2. Mode of Repayment

1. Check-off facility with employer

2. Salary Account and SI at Branch with undertaking.

3. Post-dated cheques

GENERAL

1. Have you or your spouse stood Guarantee (s) for any other borrower? No

Yes

2. If so, give details thereof :........................................................................................................................

3. Have you applied for a loan from SBI in the past (other than against TDR/Govt.Securities/NSC etc ) No If so give details. ........................................................................................................ Yes

4. You belong to Others

SC

ST

OBC

6. Any relative in SBI No If yes, place of posting and nature of relationship ..........................................................................................................

Yes

DOCUMENTS REQUIRED

(Please tick wherever necessary)

I have attached the following copies of supporting documents (duly attested wherever necessary)

- Statement of Bank account for last 6 months of the borrower. - 2 Passport size photographs of borrower /guarantor(s). - Signature identification form bankers of borrower/guarantor(s)** - A copy of passport/voters ID card/PAN ID card** - Proof of residence ** - Latest salary slip showing all deductions and TDS certificate - Form 16, in case of salaried persons. - Copy of Income Tax Return for last two financial years duly acknowledged by ITO for professionals, self-employed and others.

** These are not required for existing account holders who have maintained a satisfactorily conducted account for a minimum period of 6 months.

DECLARATION
I hereby apply for a loan from State Bank of India to the extent indicated in the Loan Request Section of this application form. I declare that the foregoing particulars and information furnished in this application form are true, accurate and complete and that they shall form the basis of any loan State Bank of India may decide to sanction me. I confirm that I have/had no insolvency proceedings against me. Nor have I been adjudicated insolvent. I further confirm that I have read the terms and conditions and understood the contents therein. I am aware that the Equated Monthly instalment comprises Principal and interest based on Banks Prime Lending Rate which is subject to change from time to time. I agree that the State Bank of India has the option to reduce or increase the EMI or even

extend the repayment period, consequent upon such changes in rate of interest.

I agree that State Bank of India may at its discretion conduct discreet inquiries in respect of this application. I undertake to inform as to any change in my occupation/employment residential address and to provide any further information that the Bank may require. State Bank of India will be at liberty to take such action as it may deem necessary if my above statements are found to be untrue. I agree that State Bank of India shall have the sole discretion to reject/reduce my loan application without assigning any reason therefor. I further agree that my loan transactions shall be governed by the rules of State Bank of India which may be in force from time to time.

Place Date Signature Applicants

The Scheme provides loan for purchasing 2/4 wheeler vehicles (like car, scooter, motorcycle etc.). Maximum amount of loan is Rs. 25 lacs, depending upon cost of vehicle & income of proponent, at attractive rate of interest and easy repayment plan. Product Eligibility BOI Star Autofin Scheme Salaried employees, Professionals, Self-employed, individuals with high net worth, People engaged in trade/commerce/ business, Directors of Companies, Senior Citizens, Pensioners, Farmers, Staff Members, Retired employees (other than dismissed/ compulsorily retired) of our Bank. Non-Resident Indians in India advance to be granted jointly with Resident Indians (close relative) (Age of the individual borrower not to exceed 65 years at the time of availing the advance) Companies, Partnership Firms, Proprietary concern

and other types of Corporate entities. HUFs not permitted. Purchase of two/four wheeler vehicles. For purchase of used/second hand 2 and 4 wheeler. (age of the vehicle not to exceed 3 years) For purchase of light personal vehicles not requiring heavy duty driving license viz. Jeeps, Vans. Etc. For purchase of personal vehicles powered by nonconventional energy, such as electronic/battery operated small vehicles for urban transport provided they are registered with RTO. (Such vehicles not registered with RTO can be financed subject to specified curtailed limits of advance preferably with collateral security). Demand Loan /Term Loan (for 2nd hand vehicles only Demand Loan) Maximum limits for finance : 1) Individuals (Resident in India) : = For Indian make vehicles Rs.25 lacs =For imported vehicles Rs.75 lacs. 2) For Companies and corporate entities Rs.100 lacs (Can be a fleet of vehicles) 3)Non-resident Indians Rs.25 lacs. 4)For vehicles run on non-conventional energy and not required to be registered with RTO. Two wheelers Rs.50,000/- (Max.) Four wheelers Rs.4.00 lacs (Max.) The limits are subject to : (a) 24 times of gross monthly emoluments in case of salaried employees/pension/ or two times of gross average annual income as per last 3 yeas I.T. Returns (b) two times average annual cash accrual (i.e. PAT + Dep.) as per firms/ companies last 3 years audited balance sheet, P&L A/c. In respect of farmers depending on his repayment capacity as is applicable in Agriculture loans. (d) Net take home pay should be atleast 40% of income (net of proposed EMI). Rate of Interest (on i. Fully Secured Loans w.e.f. 05.05.2011 daily reducing balance) a. New Vehicles @1.75% over BR

Purpose

Type of Advance Quantum of Loan

w.e.f. 05.05.2011

Repayment (New Vehicles)

Security

Margin

Repayment upto 3 years 11.75% b. New Vehicles @2.25% over BR Repayment over 3 years 12.25% c. Second Hand @2.25% over BR Vehicles 12.25% A)For Individuals for new vehicles 4 wheelers imported vehicles-Max. 7 years. 4 wheelers - Indian vehicles 6 years. 2 wheelers max. 5 years. B)For Corporates/Firms,etc. Max. 5 years. C)For second hand vehicles Max. 3 years. i.Hypothecation of vehicle to be purchased out of Bank finance. ii. Charge to be registered with RTO. iii. Third party guarantee required in the following cases : (a) Loans to NRIs Guarantee of Resident Indian is required. b) Vehicles not registered with RTO and for loans to individuals for limits exceeding Rs.25.00 lacs. Individuals (including NRIs) : (For new vehicles) Upto Rs.2.00 lacs - 5% Rs.2.00 lacs to Rs.10.00 lacs - 10% Above Rs.10 lacs to Rs.25 lacs - 15% Above Rs.25.00 lacs - Min. 25% For Corporate entities/firms, etc. : Min. 25% For second hand vehicles Min. 30% a)Loans upto Rs.25,000/- - one time Rs.1,000/b)Loans above Rs.25,000/- upto Rs.25 lacs one time 1.10% of loan amount Min.Rs.1,500/- & Max. Rs.5,000/c)Loans above Rs.25 lacs one time 0.25% of the loan amount Max.15,000/Service Tax as applicable. Processing charges waived for Senior Citizens, staff members & retired employees of the Bank & Pensioners drawing pension from the Bank. For Partnership firms/Corporates Processing charges will be double that of applicable to individuals

Processing/ Handling Charges

For Rural areas Processing charges will be 50% that of applicable to individuals in respect of loans availed by borrowers from rural areas from the Rural Branches. Additional charges for deviations from the scheme norms One time 25% of the applicable processing charges min. Rs.500/- max. Rs.3000/Agreement charges: Applicable as per Fair Practice Code.