SLNCB - Vehicle Loan Scheme

Purpose
For purchase of New 4 wheeler for private use only.

Eligibility
Should be a Shareholder of the Bank.
Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income

Nature of facility
Term Loan

Quantum of Loan minimum / maximum Limit
65% of Ex-Showroom Price

Rate of Interest
9% P.a

Guarantor
Member (Salaried Employees / Businessmen / Professionals and Individuals with proven source of Income / Property loan member surity)

Security
Vehicle to be Hypothicated to the Bank

Processing Fee / Other Charges
0.5% on Loan Amount + GST

Moratorium Period
N/A

Repayment Period
60 Months

Insurance
Vehicle Insurance