Maha Super Car Loan Scheme
- No Processing Charges (Waived up to 30.11.2020).
- 0.25 % Concession in ROI for Corporate salary account Holder and Existing Housing Loan borrower
- Maximum Funding 90%.
- Interest charged on daily reducing Balance.
- Rate of Interest linked to RLLR.
- No Pre-Payment / Pre-closure / Part payment Charges.
- No prepayment charges.
- No Hidden charges.
- Quick turnaround time.
Purchase of New four Wheeler i.e. Car, Jeep, Multi Utility Vehicles (MUVs), SUV etc. for personal use. (for individuals (18 years and above)
Individual salaried employees/ self-employed professionals/Businessman / Agriculturist
Eligible Quantum of Loan
Up to 36 times of Net Monthly Salary/Pensionon the basis of Last Salary/Pension Drawn, subject to ‘Deduction Norms’
Minimum Annual Income
Rs. 3.00 lakh (last year income)
For Existing/New Housing Loan Borrowers and Corporate Salary account holders- Minimum 10% of Cost of Vehicle (i.e. Ex show room price + RTO charges + insurance charges)
For Others - Minimum 15% of Cost of Vehicle (i.e. Ex show room price + RTO charges + insurance charges)
For Corporate Clients (Firms/Companies)- Minimum 20% of Cost of the Vehicle (i.e. Ex show room price + RTO charges + insurance charges)
Max. 84 Months
Rate of Interest
Hypothecation Of Vehicle purchased for Loan up to 20.00 Lakh.
For above 20.00 Lakh Tangible Security of Minimum 50% Value Of Loan Amount In favour Of Bank
0.25 % of the loan amount (Subject to max. of Rs. 15,000/-)
(currently waived up to 31.03.2020)
0.10 % of the loan amount (Subject to max. of Rs. 10,000/-)