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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 |
For customer / dealer enquiries, please contact us at twloans@csb.co.in