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How much loan can be availed under the scheme?

April 26, 2017availed loan Scheme

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How much loan can be availed under the scheme?

2 Answers

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A For individuals, loan amount shall be 25 times the Net Monthly Salary/Income, subject to maximum of Rs.7.00 lac or 80% of the cost of the vehicle whichever is less. In case of business concerns, loan amount can be need based and is not subject to any ceiling.

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A For individuals, loan amount shall be 25 times the Net Monthly Salary/Income, subject to maximum of Rs.15.00 lac or 80% of the cost of the vehicle whichever is less. In case of business concerns, loan amount can be need based and is not subject to any ceiling.