Eligibility
Permanent Employee of Central / State Government, Public Sector Undertaking, reputed Private Companies, Educational Institutions, Corporations, Municipalities and other reputed establishment where Salary of the applicant is either disbursed through our Bank Branch or employer ensures remittance of EMI by deducting from the applicant’s salary.
Professional and Self Employed person and individual engaged in business activity and in the profession/ business for at least two years.
Quantum
Maximum upto ₹ 2.00 Lakh.
Margin
10% of on road price of the Two Wheeler.
Security
Primary : Hypothecation of the Two Wheeler.
Additional / Collateral Security
Nil