Purpose: To buy new vehicle.
Quantum of finance: 80% of the quotation.
Limit: Upto 60 lakhs.
Term: 5 annual instalment/ 60 months EMI for 4 wheeler.
3 annual instalment/ 36 months EMI for 2 wheeler.
Security: Hypothecation ( To the loan above 10 lakhs charges should be created on the collateral security.