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Vehicle Loan

Overview

In today’s fast paced world, owning a vehicle is not a luxury but a necessity.

The vehicle loans at Agrasen Bank are designed to finance two wheeler that suits your needs and matches your taste and status.

Now, ease out on your commutation efforts as you can get the Bike of your choice and zoom away on the roads with Agrasen Bank two wheeler loan options. Individuals who prefer to travel more conservatively or get to their destinations faster, a two-wheeler is as much a boom as it is to a car owner. With newer models coming out each year, the options available to the customers are both attractive as well as convenient.

Eligibility Individuals and Firms
Type of Facility Term Loan
Amount of Loan 75% of the vehicle cost
Repayment EMI from 36 to 120 months
Security Vehicle purchased with Bank Finance & 3rd Party guarantee
Rate of interest 8.75% to 12.00%
Documentation Hypothecation / Term Loan agreement, Guarantee deed etc
Sanctioning Authority CEO / Board
Margin Minimum 25% of the projected cost
Interest Calculator
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