Vehicle Loans

Vehicle Loans

At CSB, we understand that the road to happiness starts with a great vehicle loan! So, whether it’s your first ever vehicle or whether you want to upgrade to a superior one, the CSB Vehicle Loan does it with ease. Opting for a vehicle loan makes loads of sense because you can spread the cost over a longer period of time and hence confidently go for the vehicle you’re aspiring to own. And guess what, the collateral for your vehicle loan is nothing but your vehicle!

 
PARAMETERS VEHICLE LOANS VIP CAR LOANS
Eligible borrower Individuals, Institutions, Firms, Companies

1. Depositors having term deposits of not less than ₹25 lakhs in his / her own name or jointly with family members for the last one year.

2. Existing customer of the bank with fund based advance of not less than ₹25 lakhs for a minimum period of one year.

Purpose Acquisition of non-commercial motor vehicles (Car, Jeep, Van, Two wheeler etc).
Quantum of finance 80% of on the road cost including Invoice price, Road tax, Insurance Premium and Registration charges (subject to income wise eligibility). 100% of invoice value excluding Insurance, Registration, Road Tax and other incidental charges.
Guarantee Minimum one person Not compulsory
Maximum Tenure Upto 5 years Upto 5 years
Income Proof

1. Latest Salary slip / certificate

OR

2. Latest IT Return with computation

OR

3. Self-declaration by borrower (if fully covered by collateral security)

Latest one year account statement
Security Hypothecation of the vehicle