Limit Rs.40 Lakhs or 25 times gross monthly income.

Eligibility- Confirmed / permanent employees of State/Central Govt. and their Boards/ Corporation/ undertakings; Businessmen whose taxable income is more than Rs.4.00 lakh p.a. including depreciation as per latest ITR.
*for more details read the complete scheme attached below

1. New Car/Van/Jeep/Multi Utility Vehicle (MUV) or Sports Utility Vehicles (SUV)
2. Old car/van/jeep/MUV/SUV, which are not older than three years. (only for Harco bank Staff)

Maximum tenure upto 84 months EMI for a new vehicle/ upto 70 yrs of age.

For New Vehicle: 10% of Ex-show room price.

Vehicle purchased to be hypothecated to the bank. Name of the bank must be mentioned on the RC (Registration Certificate).

The vehicle will be comprehensively insured by the borrower with an assignment in favour of the bank and the policy to be renewed every year.

Guarantee for govt. employee – No Guarantor.

Guarantee for other than govt. employee –

• Either spouse or legal heir.
• One govt. employee. And a post dated cheque as security for the entire loan.

The guarantor (s) CIBIL Score below 600 is not acceptable.

7.75% (Fixed ) Public, given CIBIL score is >=800

7.50% (Fixed ) (Harcobank staff)

Rs.1000/- + GST Processing charges (for public), NIL for staff NIL pre-closure or hidden charges.