Two-Wheeler Loan

Two-Wheeler Loan for agriculture by Karur Vysya Bank is given to agriculturists to assist them to purchase a two-wheeler. The loan is available at attractive rates of interest and can be repaid in easy installments.

Features and Benefits
  • This loan is a hypothecation vehicle loan.
  • It is eligible to all agriculturists who own farmland.
  • It is for the purchase of a brand new two-wheeler.
  • Security for the loan will be the new two-wheeler purchased out of bank finance.
Charges and Limits
Eligibility Loan Rs. 75,000/- per individual
Margin 25%
Documentation Charges Rs. 150/-
Repayment Period 3 to 5 annual installments or 6 to 10 half-yearly installments, along with interest according to cropping pattern / income of the farmer.

Note : For details of Processing Charges and Other charges, prospective customers are requested to contact nearby branches.

Interest Rate
SCHEME ROI (floating) p.a.
Farmers Two-Wheeler Scheme One Year MCLR + 1.35%
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