Car / Auto Loans

At Shivalik Bank, we make sure that buying a car is as easy as it sounds. While a car could be one of your many desires, it’s our responsibility to take care of your bucket list. With speedy approvals, no prepayment penalty and 3rd party guarantee acceptable to the bank, we make car loans feel like a breeze.

Eligibility

  • Businessman, Professional, Self-employed, Salaried persons or HUF

Tenure

  • Min. 1 year, max. 7 years.

Loan to Value

  • Max. 85% of the ex-showroom price.
  • In case of old vehicle, the bank’s approved valuer will do the valuation.

Documents Required

  • KYC documentation
  • Income proof and Balance sheet for the past 3 years.
  • Quotation obtained from the car dealer.
  • In case old car is being purchased, its original R/C and Insurance policy.

*Share Capital for regular members will be Rs. 100/- (upto Rs. 10.00 lac) and Rs. 500/- (above Rs. 10.00 Lac to Rs. 50.00 Lac).
*All loans are applicable to actual bank charges which include valuation, legal and all actual bank charges

To know more visit your nearest branch.