एमबीजीबी वाहन ऋण योजना
Scheme for Financing Purchase of Car by Public
New Car / Van / Jeep
Old car/van/jeep which are not older than three years.
Individuals and Business concerns (corporate or non-corporate).
3 Extent of Loan:
For individuals 25 times of their Net Monthly Salary/ Income or Rs.15.00 Lac, whichever is lower.
For Business concern no ceiling in loan amount (for one or more vehicle).
20 % of on road price which include cost of one-time Road Tax and Insurance charges be considered towards margin money.
5 Repayment Period:
Maximum 84 equated monthly instalments in case of new vehicles.
Maximum 60 equated monthly instalments in case of old vehicles.
Maximum allowable deduction not to exceed 50% of take home salary or Net Monthly income as the case may be.