The Vehicle Loan from Nizamabad District Co-operative Central Bank helps you purchase your dream vehicle with easy financing options. Whether it’s a two-wheeler, four-wheeler, or commercial vehicle, we provide affordable loans with flexible repayment plans.
| Feature | Policy |
| General | The Bank formulated a scheme for financing individuals for purchase of brand new FOUR WHEELERS. |
| Purpose | For purchase of new cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicles (SUVs.) |
| Eligible amount of loan for four wheelers and Two wheelers | (a) A maximum loan amount of 48 times of Net Monthly Income or four times of Net Annual Income or Maximum loan amount of Rs.15.00 lakhs for four wheelers. |
| (b) Loan @75%shall be sanctioned on road price (cost of vehicle + Registration charges + Insurance + Road Tax + accessories). Any additional cost for, fancy numbers shall not be financed by Bank. | |
| (c) 25% of the vehicle cost shall be borne by the member. | |
| Period of loan | Maximum repayment period: |
| (a). Five years (60 months) | |
| (b) For employees equated monthly installments. | |
| (c) For farmers half yearly installments. | |
| Rate of interest | (a) ROI is 10.50% |
| (b) penal interest @ 2% p.a. |
A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradise
Committed to helping you meet all your banking needs.
H.No. 5-5-1, Beside District Court, Yellammagutta,
Nizamabad-503003
development.nzb@nzbdccb.org