Smart Financing for Your Personal Mobility
Tailor-made loan solutions for brand new and pre-owned cars, MUVs, and SUVs with no hidden costs.
The Vehicle Loan is designed for individuals who value both comfort and financial smartness. Whether you are buying your first hatchback, a family SUV, or a premium sedan, our vehicle loan offers high-quantum funding with easy documentation. We cater to salaried professionals, self-employed businessmen, and NRIs, providing a seamless path to vehicle ownership with the added benefit of Zero Pre-closure charges.
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| Scheme Name | BCB Pushpak + Vehicle Loan Scheme | BCB Vehicle Loan | BCB Vehicle Loan + | BCB Auto Plus |
| Purpose | For purchase of cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicles (SUVs) for personal Use | For purchase of cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicles (SUVs) for personal /Commercial Use | For purchase of cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicles (SUVs) for personal /Commercial Use | For purchase of Brand New Autorickshaw |
| Maximum Loan Limit | Personal : Rs.200.00 Lakh | Existing Borrower: Rs.50.00 Lakh | New / Existing Customers | Rs.2.25 Lakh |
| Commercial : Rs.1000 .00 Lakh | 4 Wheelers ā Rs.20.00 Lakh | |||
| 2 Wheelers ā Rs.2.00 Lakh | ||||
| 3 Wheeler ā Rs.2.70 Lakh | ||||
| Repayment Tenure | Maximum 60 months | Maximum 60 months | Maximum 60 months | Ā Maximum 60 months |
| Margin Requirement | 10% of the Basic Cost of Vehicle +Registration Charges/GST+Accessories |
10% of the Ā basic cost of the vehicle + Registration Charges + GST + Accessories The maximum cost of accessories should not exceed 5% of the cost of vehicle or Rs.50,000/- whichever is less. |
90% of basic cost of vehicle + Meter + Accessories + RTO Tax + Permit Cost (Cost of Insurance shall be borne in by the borrower and shall not be considered while arriving at the eligible loan amount) | |
| Security | Hypothecation charge over vehicle | Hypothecation charge over vehicle |
Hypothecation of vehicle |
Hypothecation charge over Brand New Auto rickshaw. |
| Pre-closure Charges | NIL | NIL |
NIL |
NIL |
- Target Group: Individuals (Singly or Jointly), Salaried Employees, Professionals, Businessmen, and NRIs.
Ā Ā 1. KYC: Aadhaar Card (or any other OVD), PAN Card, and latest photograph.
Ā Ā 2. Driving License: Mandatory for at least one of the applicants (Borrower or Co-borrower).
Ā Ā 3. Income Proof (Salaried): Last 3 months' salary slips, ITR, Form 16, and 6 months' bank statements.
Ā Ā 4. Income Proof (Business): Last 2 years' ITR with computation, P&L, and Balance Sheet.
Ā Ā 5. Vehicle Quote: Proforma Invoice from an authorized dealer (New) or Valuation Report + RC Copy (Used).
- What does the "On-Road Price" include?
It typically includes the Ex-showroom price, RTO registration charges, and the first-year insurance premium. - Can my spouseās income be added?
Yes, you can club the income of your spouse or immediate family members as co-applicants to increase your loan eligibility. - Is collateral security required?
The primary security is the Hypothecation of the vehicle itself. For very high-value loans (above certain limits), the bank may request additional collateral or a strong third-party guarantor.
- As Applicable from time to time
| Scheme Name | BCB Pushpak + Vehicle Loan Scheme | BCB Vehicle Loan | BCB Vehicle Loan + | BCB Auto Plus |
| Purpose | For purchase of cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicles (SUVs) for personal Use | For purchase of cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicles (SUVs) for personal /Commercial Use | For purchase of cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicles (SUVs) for personal /Commercial Use | For purchase of Brand New Autorickshaw |
| Maximum Loan Limit | Personal : Rs.200.00 Lakh | Existing Borrower: Rs.50.00 Lakh | New / Existing Customers | Rs.2.25 Lakh |
| Commercial : Rs.1000 .00 Lakh | 4 Wheelers ā Rs.20.00 Lakh | |||
| 2 Wheelers ā Rs.2.00 Lakh | ||||
| 3 Wheeler ā Rs.2.70 Lakh | ||||
| Repayment Tenure | Maximum 60 months | Maximum 60 months | Maximum 60 months | Ā Maximum 60 months |
| Margin Requirement | 10% of the Basic Cost of Vehicle +Registration Charges/GST+Accessories |
10% of the Ā basic cost of the vehicle + Registration Charges + GST + Accessories The maximum cost of accessories should not exceed 5% of the cost of vehicle or Rs.50,000/- whichever is less. |
90% of basic cost of vehicle + Meter + Accessories + RTO Tax + Permit Cost (Cost of Insurance shall be borne in by the borrower and shall not be considered while arriving at the eligible loan amount) | |
| Security | Hypothecation charge over vehicle | Hypothecation charge over vehicle |
Hypothecation of vehicle |
Hypothecation charge over Brand New Auto rickshaw. |
| Pre-closure Charges | NIL | NIL |
NIL |
NIL |
- Target Group: Individuals (Singly or Jointly), Salaried Employees, Professionals, Businessmen, and NRIs.
Ā Ā 1. KYC: Aadhaar Card (or any other OVD), PAN Card, and latest photograph.
Ā Ā 2. Driving License: Mandatory for at least one of the applicants (Borrower or Co-borrower).
Ā Ā 3. Income Proof (Salaried): Last 3 months' salary slips, ITR, Form 16, and 6 months' bank statements.
Ā Ā 4. Income Proof (Business): Last 2 years' ITR with computation, P&L, and Balance Sheet.
Ā Ā 5. Vehicle Quote: Proforma Invoice from an authorized dealer (New) or Valuation Report + RC Copy (Used).
- What does the "On-Road Price" include?
It typically includes the Ex-showroom price, RTO registration charges, and the first-year insurance premium. - Can my spouseās income be added?
Yes, you can club the income of your spouse or immediate family members as co-applicants to increase your loan eligibility. - Is collateral security required?
The primary security is the Hypothecation of the vehicle itself. For very high-value loans (above certain limits), the bank may request additional collateral or a strong third-party guarantor.
- As Applicable from time to time