KDBL hire purchase loan provides for the purchase of new or already used commercial or personal vehicles required for personal, commercial and Official use.
Interest Rate: 12.00% to 17.00% per annum
- Passport size photographs of Applicant
- Applicant's Citizenship certificate
- Photographs and Citizenship certificate of Guarantors
- Quotation from authorized dealer.
- Copy of blue book, route permit, Vehicle fitness certificate etc. (where applicable)
- Additional Collateral can be used as per the need
Fees & Charges:
- Service Charge - 1.5% to 2.00 %
- Documentation Charge- Rs. 1500 to Rs. 2000
- CIC Charge
- Rs. 250 per inquiry(For No Transaction Report)
- Rs. 550 per inquiry (For Transaction Report)