Vehicle & Personal Loan

What is the quantum of loan for a new four-wheeler?

• 1.00 CR

• 5.00 CR

• NO LIMT

• 10.00 CR

for Non Salaried Person What is the margin requirement for a new four-wheeler loan?

• 15%

• 10%

• 25%

• 30%

What is the sustenance percentage if the borrower’s gross income is up to ₹3 lakh per annum?

• 45%

• 55%

• 35%

• 30%

What is the applicable margin if the customer is an existing Home Loan or Mortgage Loan borrower?

• 10%

• 20%

• NIL

• 5%

What is the maximum repayment tenure for a four-wheeler loan?

• 60 MONTH

• 36 MONTH

• 120 MONTH

• 84 MONTH

For loan eligibility calculation, how many years’ income proof is required for:

• Salaried employee (Form 16) and Non-salaried / self-employed borrower (ITR)?

• 3 year

• 4 year

• 2 year

• 1 year

What is the quantum of loan for an old (used) four-wheeler?

• 50 LACS

• 20 LACS

• 1.00 CR

• NO LIMIT

Delegation to sanction vehicle loan  for non-resident individuals?

• Branch Head 

• CRLC

• Same Delegation

• NRI cannot be sanctioned loan under Union Vehicle loan

In case of NRI's taking Union Vehicle, Guarantee required is of

• Any NRI Person

• No guarantee required if credit score is more than 700

• Spouse

• 3rd party guarantee of 1 or2 local resident acceptable to bank

For verifying hypothecation of the vehicle, SMS has to be sent on

• 9997770000

• 7779990000

• 7778899899

• 7738299899