{"id":1445,"date":"2024-08-07T05:50:36","date_gmt":"2024-08-07T05:50:36","guid":{"rendered":"https:\/\/karnatakaapex.com\/new\/?page_id=1445"},"modified":"2025-12-12T11:58:03","modified_gmt":"2025-12-12T11:58:03","slug":"vehicle-loan","status":"publish","type":"page","link":"https:\/\/karnatakaapex.bank.in\/new\/retail-banking\/loan-products\/vehicle-loan\/","title":{"rendered":"Vehicle Loan"},"content":{"rendered":"\n<p>The Bank provides loans to purchase two wheelers\/four wheelers for personal use only.<\/p>\n\n\n\n<p><strong>Terms<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Any individual working and residing in Bangalore city is eligible for the loan.<\/li>\n\n\n\n<li>Both the applicant and surety provider should b nominal members of the bank.<\/li>\n\n\n\n<li>Any one of them should produce his salary certificate or IT returns with 3 years Balance sheet.<\/li>\n\n\n\n<li>Maximum Rs. 4,00,000.00 or 85% of Vehicle invoice value, Road Tax, Insurance , whichever is less for 2 Wheelers.&nbsp;<\/li>\n\n\n\n<li>Maximum of Rs. 40,000,00.00<strong>&nbsp;<\/strong>or 85% of Vehicle Invoice Value, Road Tax, Insurance, whichever is less for new Car\/Jeep\/Van.<\/li>\n<\/ul>\n\n\n\n<p><strong>Rate of Interest:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>9.00% per annum<\/li>\n<\/ul>\n\n\n\n<p><strong>Processing Charges:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1.00% of the loan amount.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Repayment Period:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maximum 4 years for 2 Wheelers<\/li>\n\n\n\n<li>Maximum 7 years for Car\/Jeep\/Van<\/li>\n<\/ul>\n\n\n\n<p><strong>Documentation:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Application form.<\/li>\n\n\n\n<li>Invoice\/quotation.<\/li>\n\n\n\n<li>Form No.29, Pro-note.<\/li>\n\n\n\n<li>Agreement subject to hypothecation of vehicle in favour of bank.<\/li>\n\n\n\n<li>Photo.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank provides loans to purchase two wheelers\/four wheelers for personal use only. Terms: Rate of Interest: Processing Charges: Repayment Period: Documentation:<\/p>\n","protected":false},"author":1,"featured_media":1446,"parent":1251,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"inner-page-retail-banking.php","meta":{"footnotes":""},"class_list":["post-1445","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages\/1445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/comments?post=1445"}],"version-history":[{"count":6,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages\/1445\/revisions"}],"predecessor-version":[{"id":3079,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages\/1445\/revisions\/3079"}],"up":[{"embeddable":true,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/pages\/1251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/media\/1446"}],"wp:attachment":[{"href":"https:\/\/karnatakaapex.bank.in\/new\/wp-json\/wp\/v2\/media?parent=1445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}