Personal Loan
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Cent Vehicle

Click here for Cent Vehicle Scheme at a glance

Purpose:

Purchase of New two wheeler & four Wheeler for Personal use. (i.e. not for hiring/ferrying passengers)

Eligibility

  • All individuals of age 18 years and above and maximum up to the age of 65
    1. Permanent salaried employees/ Self-Employed Persons / Independent Entrepreneurs who have regular source of income.
    2. Farmers irrespective of land holding engaged in production oriented agricultural activities and in other allied activities.
    3. Non-resident Indians
  • Minimum Income Criteria (Gross Annual Income)
  4 Wheeler (New/ Old) 2 Wheeler
Salaried/ Non-Salaried Rs. 2, 40, 000 Rs. 1, 20, 000

Quantum of Finance

  • Two Wheeler - Rs. 10.00 lakh.
  • New Four Wheeler- Rs.75.00 lakh.
  • Loan shall be sanctioned on Road Price (Cost Of vehicle + Registration Charges+ Insurance + Road Tax). Any additional cost for fancy numbers shall not be financed by Bank.

Margin

  • Loan Amount Upto Rs.20 lakh - Minimum 10%
  • Loan Amount More than Rs.20 lakh - Minimum 20%

Rate of Interest

Interest Rate will be on Risk Weigh based on Manual Rating Model Score For Both 2 Wheelers /4 Wheelers

RBLR=REPO + SPPEAD +CREDIT RISK PREMIUM

  1. Low Risk category : REPO+ 3.25 % + 0.00 % = 7.25 %
  2. Medium Risk Category : REPO+ 3.25 % + 0.20% = 7.45 %
    ( REPO RATE 4.00%)

Security

Hypothecation of vehicle purchased. Our Hypothecation charge should be registered with Regional Transport Office Authorities.

Repayment Period in Month

Type Repayment Period In month
2- Wheeler 60
4-Wheeler (New) 84

Prepayment Charge:  No prepayment penalty

Loan type Forms
Application Form 1 for Loan of Rs.5 Crore to Rs.15 Crore Download Word Document Format
Download PDF Format
Application Form 2 for Loan of Rs.15 Crore to Rs.40 Crore Download Word Document Format
Download PDF Format
Application Form 3 for Loan of Rs.40 Crore and above Download Word Document Format
Download PDF Format
Standardised Common Loan Application Form for Agriculture Credit Download PDF Document Form
Common Application Form (Required for all loan schemes). Download Word Document Format
Download PDF Format
Cent Buy Download Word Document Format
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Cent Computer Download Word Document Format
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Cent Liquid Download Word Document Format
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Cent Mortgage Download Word Document Format
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Cent Trade Download Word Document Format
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Cent Vyapari Download Word Document Format
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Housing Loan Application Download Word Document Format
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Cent Home Loan Plus Download Word Document Format
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Cent Suvidha Download Word Document Format
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Cent Vehicle Download Word Document Format
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Cent Vidyarthi Download Word Document Format
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Cent School Download Word Document Format
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Teacher's Loan Download Word Document Format
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Cent Rental Download Word Document Format
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Cent Doctor Download Word Document Format
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Cent Swabhiman Download Word Document Format
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Personal Loan for Pensioners Download Word Document Format
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Personal Loan to Employees of Corporate Sector Download Word Document Format
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Personal Loan to Employees of Non-Corporate Sector Download Word Document Format
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Loan to LIC Agents Download Word Document Format
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Loan to MSEs Download PDF Format
Cent Sahyog (form for upto 10 lakhs) Download PDF Format
Cent Sahyog (form for above 10 lakhs) Download PDF Format
Application for Agricultural Loans Download PDF Format
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