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Loans


Vehicle Loans

Get your new wheels today  - Deals on wheels

A Car loan from New India Co-Operative Bank Limited is the fastest way to be the proud owner of your dream car. We offer you loans for up to 90% of the ex-showroom price of the car, with flexible and affordable installments of upto  5 years! 
What's more, our interest rates will be a pleasant surprise.  Call us now !


Minimal paper work

Getting a New India Co-Operative Bank Limited car loan is a simple procedure. The paper work is minimal and with a few formalities, we will tailor make the loan to suit your requirements.


Eligibility :

  • Salaried Employee should be in permanent employment for not less than 2 years.
  • Professionals should be in profession atleast for a period of 2 years.
  • Business men should be in business for 2 years.

Purpose :

  • New Car / Jeep from dealers of such vehicles.
  • Second hand Car / Jeep not more than 4 years old.

Security :

Hypothecation of vehicle bought from bank finance.


Loan amount :

Maximum Rs 75 lakhs

Salaried Employee (40 times of net monthly salary)
Professional / Business men (4 times of net cash accruals)

Guarantors :

  • NIL

Repayment :

  • Not exceeding 84 months.

Interest :

  • On reducing balance method @9.50% p.a
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