What will be covered by the Corp Vehicle Loan availed for purchasing a new two wheeler?
Sanctioned amount will cover the On-road price of two wheeler which includes cost of accessories, Registration Charges, Road tax and Insurance premium etc.
How much margin money I have to pay for a two wheeler loan?
A 25% margin money of the loan amount is mandatory for Corp Vehicle Loan availed for purchasing a two wheeler.
Do I have to provide any security for the availed loan?
Yes, the hypothecation of the purchased two wheeler must be provided to the bank for loan security.