Vehicle for business and personal use

Beneficiary	Individual, Firm, HUF, Trust, Coop. Societies or a Company
Purpose	For the purchase of new vehicle for business and personal use.
Loan Limit	Maximum amount up-to RS. 15.00 Lakh or 80% of cost of vehicle.
Rate of Interest	10.50%
Repayment Period	Maximum 5 years.
Collateral Security	Two Good Securities as per satisfaction of the bank besides the hypothecation of the vehicle.

Second hand Vehicle Loan

Beneficiary	Individual, Sole Prop., Professional and Partnership Firm.
Purpose	For the purchase of second hand vehicle. The Second hand vehicle should not be more than 4 years old.
Loan Limit	Maximum amount up to RS. 5.00 Lakhs or 75% of cost of vehicle or 1.5 times of income whichever is less.
Rate of Interest	12%
Repayment Period	Maximum 5 years
Collateral Security	Two Good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle.

Two Wheeler Loan to Farmers

Beneficiary	An agriculturist having land in his own name or his family member.
Purpose	For the purchase of new two wheelers.
Loan Limit	Maximum amount up to RS. 0.50 Lakh.
Rate of Interest	12%
Repayment Period	Maximum 5 years with half yearly instalment.
Collateral Security	Two Good Sureties as per satisfaction of the bank