Metro Samrudhi Nidhi Limited ( Sub Banking )

Loan Interest Rate

Loan Interest Rate
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EV TWO-WHEELER FINANCE SCHEME

SCHEDULE OF CHARGES
₹499
Login Fee
5%
Processing
₹500
Bounce Chg

Standard LTV: 80% of Vehicle Value

LOAN PARAMETERS
  • Loan Range: ₹20,000 – ₹2,00,000
  • Min. Down Payment: 20% (Standard)
  • Tenure: Flexible options available
  • Process: Digital & Paperless options
ELIGIBILITY CRITERIA
Salaried
  • Age: 21–58 Years
  • Salary: ₹18,000+ / month
  • Experience: 6+ months current job
Self-Employed
  • Age: 21–60 Years
  • Income: ₹25,000+ / month
  • Business Vintage: 1+ Year
RATE OF INTEREST (ROI) MATRIX
CIBIL Score ROI % Upto
850+ 12%
800 – 850 15%
700 – 750 16%
650+ 20%
Below 650 24%
No CIBIL / Thin File 18% Flat + 30% DP
MANDATORY DOCUMENTATION CHECKLIST
✔ Aadhaar Card
✔ PAN Card
✔ Photograph / Selfie
✔ 6-Month Bank Statement
✔ Income Proof
✔ Dealer Invoice
✔ eNACH Mandate
✔ Loan Agreement
✔ Insurance (Hypo)