Karur Vysya Bank Vehicle Loan

No matter what two wheeler you want; from a kinetic to a 500cc racer bike Karur Vysya Bank two wheeler loan scheme is designed for you. So go ahead, it’s your choice. Comfortable repayment options for the bike of your dreams.

Karur Vysya Bank Vehicle Loan Features:

1. This is a hypothecation loan
2. It is available to individuals and professionals
3. It is for the purchase of a two wheeler for personal use

Loan Amount: Up to Rs. 40,000/-

Margin: 25%

Disbursement: Documentation Charges 0.5% (Minimum Rs. 250 and Maximum Rs. 500)

Primary Security: Hypothecation of vehicles purchased out of Bank Finance.

Repayment: Maximum 36 months

For details of Processing Charges & Other charges, prospective customers are requested to contact nearby branches

Terms and Conditions

• An undertaking from the employer to deduct loan installments and interest from the salary of the borrower in case of salaried employees shall be insisted on.
• Branches shall verify credit worthiness, integrity, local standing and repayment capacity of the borrower before entertaining the proposals under the Scheme