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About Us -
Indicative Rates
Normally applicable indicative minimum interest rates are :
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| Product |
Rate |
| Car |
13.25% - 18.75% |
| CV |
13.50% - 17.50% |
| CE |
14.25% - 16.75% |
| Suvidha |
18.00% - 27.00% |
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Notes
- CAR - The applicable rates vary depend on the following:
- Mode of payment i.e. PDC or NPDC
- Model of vehicle being procured i.e. MUV or Passenger
- End use i.e. commercial or personal use
- Segment of customer i.e. Income proof, Non income proof, First Time User(FTU) Commercial, Non FTU Commercial
- Tenor of loan
- CV/ CE and Suvidha - The applicable rates vary depend on the following:
- Mode of payment i.e. PDC or NPDC
- Segment of customer i.e. First Time Buyer and Fleet Owners
- Tenor of loan
The above rates have been worked out based on cost of funds, risk premium and return expectation
Rates are subject to change as and when warranted by the situation and are always subject to the sole discretion of the management on case to case basis.
For further details, please contact Company's office nearest to you.
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