Eligibility

Existing customer with unencumbered deposits

Entry Age

Min 18 years, No Max age

Quantum

On Road Price of vehicle

Min - Rs.1.00 lakh; upto 100% of FD

Income

Only declaration as Loan is purely based on deposit amount

Processing Fee & other charges

Nil

Other conditions

• If deposit is in joint names - other deposit holder will be co-borrower.
• Third party deposits not accepted.
• Loan should not be granted against joint deposits under F or S.
• CIBIL- not a defaulter & CIC score < 550 incl - 1,1 to 5 can also be considered.