Tirur Urban Co-operative Bank (TUCB) offers affordable and flexible Vehicle Loan solutions to help you own the vehicle of your choice — with minimal paperwork, quick approvals, and customer-friendly repayment options.
Whether it’s for personal use, business travel, or family needs, we make financing your vehicle simple and stress-free.
| Security | Immovable property of the loanee (above 20 lakhs)./Guarantor |
| Eligibility | A Class/D Class membership in the bank . |
| Purpose | Purchase of vehicle. |
| Loan Amount | Maximum 25 Lakhs. |
| 90 % of the invoice price is given as loan. | |
| 10 % Margin money to be contributed by loanee. | |
| Repayment Period | 4 to 7 Years (EMI) |
| Interest Rate | 9.5 % p a |
| Documentation | Pre sanction Documentation Applicable to all mortgage loans |
| Loan Processing Charges | |
|---|---|
| All Loans including Surety loans, MWL (Except gold loans, Deposit loans, NSC Loans, and loans to Staff) | 0.8% of the loan amount + GST |
| Cost of all loans (Mortgage) form | Rs.250/- + GST |
