03
Vehicle Loan
Financing for two-wheelers, commercial and passenger vehicles.
Overview
How this loan is structured
The Vehicle Loan is modelled to cover a broad range of vehicles beyond passenger cars — motorcycles, vans and small commercial vehicles — with the vehicle itself standing as security in this demo.
Key features
- Covers two-wheelers, vans and light commercial vehicles
- Tenure modelled up to 7 years
- Illustrative rate varies by vehicle age
- Vehicle registered with a modelled lien until repayment
Eligibility
- Applicants aged 21–60 (modelled)
- Valid driving permit for the financed vehicle category
- Verifiable income source (illustrative)
Documents (illustrative)
- Proof of identity (demo)
- Driving permit copy (demo)
- Vehicle quotation or invoice (demo)
- Proof of income (demo)
Rate & terms (illustrative)
| Detail | Value |
|---|---|
| Illustrative rate, new vehicle | from 9.20% p.a. |
| Illustrative rate, used vehicle | from 11.00% p.a. |
| Maximum tenure | 7 years |
| Maximum financing (modelled) | 90% of vehicle value |
Frequently asked
Yes, this model prices used vehicles slightly higher than new ones.
Yes, a modelled lien sits on the registration until the loan is repaid.
Light commercial vehicles are included in this model; heavier fleet financing is not covered here.
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confirmation
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