Providing all banking facilities at a single platform.
All Individual Non-Resident Indians (NRIs) holding valid Indian Passport, valid work visa/permit & having NRI account with our Bank for atleast 6 months or having NRI account with other Bank for last 12 months.
Purchase of New Car/Van/Jeep/ e-Vehicle/ Multi Utility Vehicle (MUV) or Sports Utility Vehicles.
Minimum Gross Monthly income of Rs. 1.00 lac or equivalent OR
Minimum Gross Annual Income of Rs. 12.00 lac or equivalent
For new vehicle: 15% of on-road price inclusive of one-time road tax & insurance. Can be reduced to 10% on case to case basis.
The loan amount together with interest is to be repaid maximum in 84 equated monthly installments comprising of principal and interest commencing from the succeeding month.
Guarantee of Resident Indian relative of NRI and have following relationship with the NRI borrower’s