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Vehicle Loans : |
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| Hire Purchase Schemes |
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| Loan Period upto 48 months |
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| Loan sanctioned in 3 working days after submission of all documents. |
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| New Vehicles |
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| Three Wheeler , CAR ,LCV & MUV |
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| Schemes |
Loan to Value (Invoice price) |
IRR |
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| A |
86% to 100% |
30% |
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| B |
71% to 85% |
26% |
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| C |
56% to 70% |
24% |
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| D |
55% and below |
20% |
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| Two Wheeler |
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| Schemes |
Loan to Value (Invoice price) |
IRR |
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| A |
91% to 100% |
34% |
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| B |
81% to 90% |
30% |
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| C |
71% to 80% |
28% |
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| D |
51% to 70% |
24% |
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| E |
50% and below |
20% |
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| Refinance (Old Vehicles) |
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| All vehicles except two & three wheelers |
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| Schemes |
Loan to Value (Invoice price) |
IRR Commercial Vehicles |
IRR Private Vehicles |
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| A |
71% to 80% |
28% |
26% |
| B |
61% to 70% |
26% |
25% |
| C |
51% to 60% |
25% |
24% |
| D |
50% and below |
24% |
23% |
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| Three wheeler |
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| Schemes |
Loan to Value (Invoice price) |
IRR |
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| A |
71% to 80% |
32% |
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| B |
61% to 70% |
30% |
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| C |
51% to 60% |
28% |
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| D |
50% and below |
24% |
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| Two Wheeler |
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| Schemes |
Loan to Value (Invoice price) |
IRR |
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| A |
76% to 85% |
36% |
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| B |
66% to 75% |
32% |
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| C |
51% to 65% |
30% |
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| D |
50% and below |
28% |
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For assistance, please contact Mr. Balu C.P (Assistant General Manager, HP) on Mobile: 0944 7189051 | Email: balu@manappuram.com |
