Indian Bank Used Car Loans

IB Vehicle Loan (Used Four Wheeler)

Processing Fee
0.229

0.229% on loan amount with a max. of Rs.10,191

Loan Amount
₹ Up to 2 Crores
Tenure
1 - 5 Years

Description:

How much margin I have to pay to be eligible for IB Vehicle Loan for purchasing a used car.

A margin money of 40% of cost of the vehicle is mandatory for used four wheeler.

 

What security or collateral I have to provide to avail the Used Four Wheeler Loan?