Nutan Bank

Car Loan / Two Wheeler Loan – Vehicle Loan

Car Loan / Two Wheeler Loan – Vehicle Loan

  • This facility is to be allowed against the hypothecation of vehicle.
  • Payment should be made direct to the supplier (authorized Dealer) after obtaining margin money from the borrower.
  • Minimum 10 % margin should be maintained on new vehicles.
  • Maximum repayment period should not exceed 7 years.
  • Repayment obligation should not normally exceed 50 % of annual family income.

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