Worried about family safety and commute?
We have a solution: Avail APEX BANK vehicle loans to own a vehicle of your choice for personal / business purposes
No Prepayment / hidden charges
No collateral security
CIBIL score linked Rate of Interest
Concessional ROI for woman applicants
| PARTICULARS | GUIDELINES |
|---|---|
| Purpose | For purchase of brand new (2/3/4 wheelers)/ Pre-owned (3/4 wheelers) vehicles for personal or business purposes |
| Age | 21- 65 years |
| Rate of Interest | Starting from 9% (based on CIBIL score) |
| Loan Limit | 1. For two wheelers – Rs. 1.5 lakhs (only new vehicle)
2. For three wheelers – Up to Rs. 7.50 lakhs 3. For pre-owned three wheelers – Up to Rs. 4.00 lakhs 4. For four wheelers & others – Up to Rs. 25.00 lakhs 5. For pre-owned four wheelers & others – Up to Rs. 15.00 lakhs |
| Repayment period | Two Wheelers:
For new vehicles – 36 Months Three Wheelers: For new vehicles – 60 Months For Pre-owned vehicles: 48 Months Four Wheelers: For new vehicles – 84 Months For Pre-owned vehicles: 48 Months |
| Area of Operation | All the areas coming under HMDA limits and Nagara Panchayats. |
| Documents required | 1. 3 months’ Pay slips / Form 16 for past 2 years (in case of salaried employees) / 2 years IT returns (in case of self-employed)
2. 6 months Bank statement. 3. Quotation from Dealer. 4. KYC documents etc |