In today's fast paced world, a vehicle is but a necessity. Now you can fulfill your dreams of owing a vehicle! We believe you deserve ownership of a vehicle. Explore the most flexible, quick and cost-effective way to buy your dream Car.

  1. RGB Car Loan
    1. Purpose: For purchase of new Passenger cars, Multi Utility Vehicles (MUVs) and Sports Utility Vehicles (SUVs).
    2. Eligibility: Regular employees of State/Central Govt., Public Sector Undertakings, corporations, private sector companies, reputed establishments and pensioners. Professionals, Self-employed, Businessmen, and others who are income tax assesses. Persons engaged in agriculture and allied activities.
    3. Age Eligibility: Minimum- 21 years to Maximum -67 years.
    4. Income Eligibility:
      For salaried: Minimum net income Rs. 3,00,000/- per annum :
      Self-employed, Professionals, Proprietor / Partner and Businessmen: Profit or Gross Taxable income of Rs. 3,00,000/- per annum
      Agriculturists: Minimum Net annual income of Rs. 4,00,000/-.
    5. Margin: 15% of on-road price.
    6. Loan Amount: Minimum: Rs. 1.00 Lakh.
    7. Rate of Interest: 8.70% per annum onwards.
    8. Loan period: Minimum: 3 Years to Maximum 7 Years.
  2. RGB Green Car Loan (For Electric vehicle)
    1. Term: Minimum: 3 Years; Maximum: 8 Years.
    2. Rate of Interest: Concession of 0.25% in applicable rate of interest for RGB Car loan.
    3. Other Terms and conditions of Car Loan Scheme will remain same.
  3. RGB Assured Car Loan
    1. Eligibility: Existing customers with Fixed Deposits.
    2. Age: Minimum age of the borrower: 18 Years. Maximum: No stipulation.
    3. Loan Amount: On-Road price of the vehicle. Minimum Rs. 2 Lakh; Max: 100% of FD value.
  4. RGB Loyalty Car Loan
    1. Eligibility: Individuals including joint borrowers who have Availed the housing loan from RGB
    2. Income: Minimum Net Annual Income of the borrower will be Rs 2.00 Lacs.
    3. Loan Amount: Maximum up to 100% of Ex- showroom price.
    4. Margin: Nil.
    5. Rate of Interest: 0.10% concession in interest applicable to RGB Loyalty Car Loan.
  5. CERTIFIED PRE-OWNED CAR LOANS
    1. Purpose: Term Loans for purchase of Certified Pre-Owned cars.
    2. Age of the vehicle: Not more than ten years old.
    3. Tenure: Not more than ten years old.
    4. Maximum Number of ownership : The ownership vehicle which is put up for sale under certified pre owned should not have changed more than 2 times.
    5. Age Eligibility: Minimum- 21 years to Maximum -67 years.
    6. Margin:For all Loans margin is 15%.
    7. Valuation: Invoice Price.
    8. Rate of Interest: 11.00 % per annum onwards.