Cent Combo Vehicle Scheme

Purpose: Purchase of New Four (04) Wheeler for Personal use. 

Facility: Term Loan

Salient Features: 
Ø    Applicant should be our existing borrowers have an existing Home Loan under any of the variants with us.
Ø    In case any applicant has a Home loan with other Bank, takeover of the Home loan is must for availing Vehicle loan under this scheme.
Ø    Housing Loan account and/or any other loan account of the applicant should have been always categorized as Standard Asset (Nil SMA) for its entire tenure.
Ø    Home loan account should have run for at least two years, after commencement of repayment.
Ø    If Cent Combo Vehicle has been availed then the takeover of the existing Home loan may be allowed only after the closure of Cent Combo Vehicle loan.

Rate of Interest: ROI= RBLR (Repo Rate + Spread) based on CIC score ranging from 8.60% to 9.45%
 

Processing Charges: 0.50% of Loan Amount + GST; Subject to Min Rs.2,000/- & Max Rs.20,000/-
For All other features & terms and conditions, please refer Cent Vehicle Loan Scheme/ Cent Go Green Vehicle Scheme.

*Subject to conditions and changes. Please contact our nearest branch for more details and updates.