Purpose of Loan 

Purchase  of  Car, Jeep  and   Two wheeler  for  Govt. ,  Semi Govt employees residing permanently  in  Idukki  district .

Amount  of Loan

6 Lakhs
For  new  vehicles  6 Lakhs / 90 %   cost of  vehicle  which  ever  is  less
For old Vehicles 6 Lakhs  / 60 % of the valuation of the vehicle.

Duration

7 Years  for new vehicles
5 Years for old vehicles.

Rate of interest

16 %

Security

Proposed vehicle  and personal security of employee