STAR VEHICLE LOAN - ENTITIES OTHER THAN INDIVIDUAL

• Purchase of light personal vehicles not requiring heavy duty driving license viz; Jeeps, Vans etc
• For purchase of Water vehicles such as Motor Boats / Boats / Sports Boats and other water vehicles for personal use
• Vehicles powered by non-conventional energy, such as electronic / battery operated small vehicles for urban transport provided not registered with RTO can be financed subject to specified curtailed limits of advance preferably with collateral security.
• Maximum limits No Maximum Limit
• (Can be multiple personal vehicles, registration of vehicle as personal and not to be used for commercial)
• Maximum repayment tenure :- Max. 84 months.
• Maximum quantum up to 90% for New vehicles only

Advantages

• Maximum Limit: No Limit
• More than one vehicle can be considered within the above limits, provided the first account is in order Hypothecation charge is duly registered and repayments are regular.
• No hidden charges
• No prepayment penalty
• Minimal documentation
• Up to 90%financing
• High Network of dealers.
• Reimbursement of cost of four wheeler vehicle purchased from own sources subject to specified conditions.