Vehicle loans

Vehicle Loans

The PDC Bank offers vehicle loans to help you purchase your dream vehicle. The bank provides financing for a variety of vehicles, including two-wheelers, four-wheelers, and commercial vehicles.

Key Features:

Loan Purpose: The loan can be used for the purchase of new as well as old vehicles (for up to two years old cars in good condition).

Variety of Vehicles: The bank provides loans for two-wheelers, three-wheelers, four-wheelers, and commercial vehicles.

Interest Rates:

• New Vehicle Loan: The interest rate for new vehicle loans is approximately 9.5% p.a.
• Old Vehicle Loan: The interest rate for old vehicle loans is approximately 12% p.a.
• New Commercial Vehicle Loan: The interest rate for new commercial vehicle loans is approximately 12.5% p.a.
• Old Commercial Vehicle Loan: The interest rate for old commercial vehicle loans is approximately 13.5% p.a.

Note: Interest rates are subject to change. Please confirm the latest rates with the bank.

Repayment Tenure: The maximum repayment tenure is up to 5 years for four-wheeler loans.

Eligibility Criteria:

The loan is available to salaried individuals, businessmen, professionals, and self-employed persons with a regular source of income. General requirements may include:

• Minimum age of 21 years.
• Satisfactory income and asset declaration.
• KYC documentation (Photo ID, Address proof, PAN card).
• Quotation from the vehicle dealer.

How to Apply ?

To apply for a vehicle loan from The Panchmahal District Co-Operative Bank Ltd., you can visit your nearest branch. The bank executives will guide you through the application process and the required documentation. While some banks offer online application forms, it is advisable to contact the bank directly to understand their specific application procedure.

             Vehicle Loan Interest Rates