Khattribank Coorperative Urban Bank Limited is registered with DTCGC

Vehicle Loan

Vehicle Loan

Bank shall finance all types of “Vehicles”, to Members (both individuals and commercial entities), against hypothecation of the same.

New Vehicle:-

Minimum Margin
  • 10% of the ex-showroom price for purchase of Vehicle / car for personal use.
  • 15% of the ex-showroom price in respect of commercial vehicle (Van, Taxi, Tempo, truck, buses etc.)
Repayment period:-
For Salaried persons: Max. 72 equal monthly instalments
For Others: Max. 60 equal monthly instalments

Old vehicle:

  • No vehicle more than 3 years old shall be eligible for finance.
  • Minimum Margin - 50% of the market value of the vehicle.
  • Repayment period - Max. 36 equal monthly instalments.
  • Maximum Limit of finance against Industrial Shares / Units of Mutual Funds shall be Rs.10.00 Lakh only (Rupees Ten Lakh Only).