Vehicle Loans

DBGB – Saarthi - Scheme For Financing Purchase Of Two Wheelers by Public


For purchase of new Two wheelers viz.: Scooter(s), Motor cycle(s), Scooterrete (s), Moped(s), (subject to Registration of vehicle with RTO).


Existing DBGB customers with at least 6 months satisfactory transactional record OR new customer with satisfactory track record of last one year with other Bank/FI in the age group of 18 years and 60 years holding a valid driving license. Salaried individuals drawing salary from our bank or under check off facility from the employer. Students, 18 years and above till gainfully employed, with salaried parent as co-borrower drawing salary from our bank; Business concerns (Corporate or non –corporate)

Income Criteria

  • Minimum Net Monthly Income of Rs.10,000/- p.m. In case of students, Income/salary proof of parent/guardian who will be co-borrower be considered.
  • Income of spouse can be taken into consideration for determining the income criteria provided satisfactory proof of income is produced.
  • Income of business concerns be verified from Income Tax Returns filed and challans for Tax Deposited.

Quantum Of Finance

  • a) For Scooters, Motorcycles & Scooterrete - Maximum Rs 1,00,000/-
  • b) For Mopeds - Maximum Rs 20,000/- (subject to repayment capacity)


Where salary is being disbursed through the concerned bank branch and/or Check off facility. 10%
Business concerns 25%


Hypothecation of 2 wheeler financed from bank loan Guarantee acceptable to bank as per guidelines

Repayment (Maximum)

  • For Scooter and Motorcycle – 60 EMIs
  • For Scooterrete – 30 EMIs
  • For Mopeds – 24 EMIs
  • Maximum Permissible deductions – 40% to 60% of Net
  • monthly salary/ income

Repayment (Maximum)

  • For New Car/Van/Jeep/MUV/SUV: 84 EMIs
  • For Old Car/Van/Jeep/ MUV/SUV: 60 EMIs
  • In case of persons engaged in agriculture & allied activities: At Half yearly/yearly intervals coinciding with the time of harvest.

Prepayment Charges


Rate of Interest

MCLR+3.50=11.80 % p.a. (Changeable as per RBI/bank’s guidelines)

Processing Charges/ Upfront Fee/Documentation Charges

As per bank’s guideline.

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