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  #2  
April 18th, 2017, 10:16 AM
Super Moderator
 
Join Date: Mar 2012
Re: Abhyudaya Bank Two Wheeler Loan

As you want to know about Two Wheeler Loan by Abhyudaya Bank, so here are complete information as you want:

REPAYMENT
New :Upto 84 months
Pre-owned vehicles :Upto 36 months.

MARGIN
A. New Vehicle
a) Private Cars :Upto Rs.15.00 Lakh : 10%
Above Rs.15.00 Lakh to Rs.75.00 Lakh : 20%
b) Two Wheelers NIL
B.Used Vehicles (Not more than three years Old)
i) Private Cars : 40% of valuation/ Agreement value whichever is
lower subject to maximum Rs.30.00 Lakh.

MEMBERSHIP
Applicant – 1.5 % of Loan amount subject to maximum Rs.5000/-
Sureties --

Loan up to Rs. 25.00 lakh - Nominal Membership, Rs. 100/-.

Loan above Rs. 25.00 lakh - Regular Membership Rs.1000/-

SURETIES
One Surety with Net Salary /Income of Rs. 12,000/- p.m. Salaried family members can be accepted.

SECURITY
Hypothecation of vehicle

INSURANCE
Insurance Policy must be assigned in favour of our Bank.

SERVICE CHARGES
1.30% of sanctioned limit .

Revised Rate of Interest (Floating) on Credit Facilities w.e.f. 01.04.2017
Prime Lending Rate (PLR) – 12%


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