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PSB Apna Vahan

Purpose

For purchase of  Two & Four Wheelers

Eligibility

Individuals as well as business concerns(corporate and  non-corporate)

Age

Minimum :  18 Years

Maximum : Subject to adjustment of loan for individuals/ prop before the age of

 

Service class non pension –  60 years

Service class with pension – 70 years

Others                                -  70 years

 

*Age above 70 years can be considered by way of younger co-borrower with adequate repayment capacity.

Quantum of Finance

Need based.

Margin

For New vehicles -- 

15% of on-road price.

Nil - on road price  - For existing borrower

(Exclusive of accessories).

For old vehicles -- 25%

Rate of Interest

Please click here For rate of interest

Processing fee

(one Time)

Please click here For Processing fee

Documentation charges

Actual Stamp/Revenue expenses only

Security

Hypothecation of vehicle. RC/ comprehensive insurance policy with bank clause incorporated therein.

Repayment

For new four wheeler vehicles : Maximum 84 months.

For new two wheeler vehicles : Maximum 36 months.

For old vehicles : Maximum 60 months subject to age of vehicle (total period of Repayment plus age of vehicle not to exceed 84 months). The overall age of the vehicle & the repayment period together should not exceed 7 years.

Prepayment

No foreclosure charges/prepayment penalties for individual borrowers (including sole proprietorships). In case of loan takeover of corporate borrowers , prepayment charge @ 1% on outstanding balance

Guarantee

  • As per Bank’s discretion on case to case basis.
For Hot Listing (Blocking)
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(By SMS) 9223815844
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(By SMS) 8828837411
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(By Missed Call) 7039035156 (Toll Free)
All India Toll Free 1800-419-8300