was established on 19 February 1943. It is one of the public sector banks in India.

Vehicle Loan

Purpose-

For purchase of all variants of four wheelers & two wheelers (non-commercial use- to be registered as private vehicle)

For purchase of Second Hand Cars to be used as private vehicle only

Income Criteria-

For two Wheelers - Rs. 10000/- per month (Gross)

For Four Wheelers - Rs. 20000/- per month (Gross)

Eligible persons-

Salaried Individuals with confirmed / minimum 1 year of service
The length of previous employer's service(s) may also be taken into consideration for the criterion of 1 year service.

Professionals (including doctors)

Business entities Established business for not less than two years.

Agriculturist based on their land holding and repayment capacity.

Non-Resident Indians- jointly with Resident Indians (close relative)

Co-applicants-

Spouse, Father, Mother, Brother, Son, Daughter-in-law & unmarried daughter can be co-applicant.

Maximum Loan Ceiling-

Maximum loan for Two Wheelers - Rs. 10.00 Lacs,
Four Wheelers- Rs.100.00 Lacs

Margin - 15% on on-road cost

Repayment Period-

Upto 84 EMI's {Equated monthly installment of Principal & interest components}

For Salaried (Non Pensionable) - Up to 60 years or superannuation whichever is earlier.

For Salaried (With Pension) - Up to 65 years having regular source of income.

For Business Class/ Professionals: No age-bar

Contact details-

Corporate Office
Plot No. 5, Institutional Area
Sector-32
Gurgaon – 122001
Telephone Nos.:
PBX board/ receiption numbers : 0124-4126200 and 0124-4126300