Nature of the Scheme	2 wheeler and 4 wheeler loans to Individual
Eligibility	Any individual having minimum gross income of Rs. 1.00 lac per annum for 4 wheelers and Rs. 60,000 /- p.a for 2 wheelers.
Margin amount	10% on road price
Quantum of Finance	New Vehicle: 90% of road price which includes invoice price, Life tax, Registration charges, Insurance and accessories or 3 years gross salary whichever is lower for 4 wheelers.   90% of road price which includes invoice price, Life tax, Registration charges, Insurance and accessories or Rs. 60,000 /- whichever is lower for 2 wheelers.   Second Sale: (not more than three years old): 60% of garage value or Rs. 5,00,000 /- whichever is lower.   Accessories: not exceed Rs. 5,000 /- for 4 wheelers & Rs. 1,000 /- for 2 wheelers.
Repayment	For 4 wheelers (New) - minimum 12 months and maximum 72 months (EMI).   For 4 wheelers (Second sale) - 60 months EMI.   For 2 wheelers - minimum 12 months and maximum 60 months (EMI)
Interest rate	As applicable on the date of loan
Co-obligation	Third party acceptable to the bank for both 4 and 2 wheeler.
Security	Hypothecation of vehicle purchased
Documents	Valid driving license  Proof of Income - Salary Slip/ IT Returns/ Assessment Order, Proforma Invoice.   Valuation certificate from reputed garage for second sale.
Charges	Processing and Administrative charges as applicable.