| 1 | Maximum Limit | Rs. 3.50 lacs per employee, per vehicle, however in exceptional cases loans up to Rs. 6.00 lacs can be considered. | ||
| 2 | Eligibility | Employees of Government Department/Boards/ Corporations/ Statutory Bodies etc. | ||
| 3 | Purposes | Purchase of Vehicles for self-use. | ||
| 4 | Eligibility Criteria | 90% of the invoice price of vehicle to be purchased or Rs. 3.50 lacs which ever is less ensuring 35% take home salary by the loanee after payment of installment of loan. | ||
| 5 | Margin | 10 %. | ||
| 6 | Repayment Period | 15 Years. | ||
| 7 | Security | Hypothecation of vehicle. | ||