Bank has become live on E-Commerce and PoS transactions.          IFS CODE: UTIB0SLDH01          An ISO 9001:2000 certified bank by JAS-ANZ          Bank will remain closed on Second and Fourth saturday of every month          The Ludhiana Central Cooperative Bank Ltd. - An 'A' class cooperative bank          Preserve your success with smart financing         
  • Dairy Loans

  • Agricultural Loans

    We offer term loans for buying cattle, purchase of equipment for irrigation and other agricultural requirements.

  • Vehicle Loans

    This festive season, get the vehicle loan at lowest EMI of just Rs 2052.00 per lac for 5 years and EMI of Rs 1440 per lakh for 8 years

  • Home Loans

    Avail the 15 year term loan facility with lowest EMI Rs 1090/- per lac and no hidden cost.

Vehicle Loans >> Vehicle for business and personal use

Beneficiary

Individual (Agriculturist, Businessperson & Govt./Semi Govt. Employees), Firm, HUF, Trust, Coop. Societies or a Company

Purpose

For the purchase of new vehicle for business and personal use.

Loan Limit

Maximum amount up-to Rs. 15.00 Lakh with the break-up as follows:-

1. Individuals (Agriculturist & Businessperson), Firm, HUF, Trust, Coop. Societies or a Company

a) for the loans up to Rs. 6.00 Lacs = 80% of on road price of vehicle (RC & Insurance)

b) for the loans above Rs. 6.00 Lacs & up to Rs. 10.00 Lacs = 80% of Ex-Showroom price of vehicle.

c) for the loans above Rs. 10.00 Lacs & up to Rs. 15.00 Lacs = 75% of Ex-Showroom price of vehicle.

2. For Salary Earners= 80% of on road Price of Vehicle (Including RC & Insurance)

Rate of Intt.

8.50%

Repayment Period

Maximum 8 years.

Collateral Security

One Good Securities as per satisfaction of the bank besides the hypothecation of the vehicle.

For Full Scheme download, CLICK HERE

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