NRBC Auto Loan

Product Range:

NRBC Offers wide range of Auto loan facilities covering

  •  NRBC Financing against purchase of Brand New Vehicle
  •   Financing against purchase of Re-conditioned Vehicle
  •   Financing against purchase of Used/Second hand Vehicle

Features

  •  50% of car value with loan amount of maximum 40 lac for new/Re-conditioned car.
  •   40% of car value with loan amount of maximum 15 lac For used car.

Financing Period: Flexible loan tenor with maximum

  •  5 years for new and reconditioned vehicle
  •   4 years for used vehicle

Income Criteria: Minimum aggregated income need to be

  •   40,000 for government employees
  •   50,000 for other segments

Processing Fee

  •  Processing Fee: 1% of loan amount + VAT & Stamp cost
  •  Penal Rate: 24% per annum on outstanding amount
  •  Prepayment Fee: 2% on settled amount+VAT

Eligibility

Loan offered to diversified professionals including salaried individuals, businesspersons, practitioners and Landlords.

Required Documents

Common for all segments:

Salaried Individual:

Business Person:

Private Practice:

Landlord