Vehicle loan

Vehicle loans are provided to borrowers for the acquisition of both commercial and personal vehicles intended for business or personal use. Commercial vehicle loans cater to the purchase of buses, trucks, tippers, tankers, light commercial vehicles, and small commercial vehicles. Car loans are versatile, suitable for both personal and commercial purposes. Kadamba offers a diverse range of competitive banking and financial solutions tailored to customers, whether individuals or enterprises, within this sector.

Kadamba's vehicle loans feature attractive interest rates and exclusive loan tenures for our members. Our car loans are recognized as leading offerings within this segment. Members from various professional backgrounds and societal sectors, including self-employed professionals, salaried professionals, business entities, and the agricultural community, can benefit from these loans. The vehicle loan options are designed to facilitate the purchase of two-wheelers, multi-utility vehicles, both new and pre-owned.

Key Features of Kadamba Vehicle Loan:

• Maximum loan amount disbursed up to 90% of on-road price
• Repayment period of up to 84 months
• Interest calculated on reducing balance method (Simple Interest)
• No penalty for pre-closure
• Maximum loan amount of ₹25 Lakhs
• Quick disbursement
• Simple documentation process