Personal Loan schemes of Kerala Bank for various purposes


The loans under this scheme will be extended for purchase of new/used Light Motor Vehicles (Four wheeler only) for private transport purposes.
Loan limit Purchase of New Vehicle:
Lower of the following
  • Rs. 10.00 lakh.
  • 75% of the vehicle’s value (as per invoice)
Second hand finance:
Whichever is lesser of the following
  • Rs. 5.00 lakh.
  • 60% of the vehicle’s value (as per the assessment of the OEM managed dealers/Franchise)
Repayment period
  • Maximum of 60 months as Equated Monthly Installments (EMI)
  • Used car - Maximum of 48 months from the date of availing the loan and in any case the repayment period never exceed the 60 months from original/first purchase.
Age Minimum age of 21 years and under any circumstances the repayment period should not exceed the day on which the applicant attains age of 70 years
Nature of Facility Term Loan

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