Telangana State Cooperative Apex Bank Ltd.

Overview

Avail APEX BANK vehicle loans to own a vehicle of your choice for personal / business purposes

  • Minimum entry age 21 years – 65 years.
  • Concessional ROI for women applicant/s & additional concession of 0.50% based on borrower profile.
  • No pre-closure/fore closure charges.
  • Max. Loan amount up to Rs.25.00 lakhs.
  • Fixed ROI linked to CIBIL Score of applicant/s.
  • Max. Repayment period is up to 84 monthly instalments.
  • No collateral and additional guarantee required.
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  • High Loan Amount

    Get up to 90% financing for your vehicle purchase.

  • Affordable Interest Rates

    Enjoy competitive rates with easy EMIs.

  • Quick & Hassle-Free Processing

    Fast approvals with minimal paperwork.

  • Wide Vehicle Coverage

    Loans available for cars, bikes, scooters, and commercial vehicles.

  • Collateral & Collateral-Free Options

    Loans available with or without security.

  • Balance Transfer Facility

    Transfer your existing vehicle loan for better interest rates.

Eligibility
  • Purpose : For purchase of brand new (2/3/4 wheelers)/ Pre-owned (3/4 wheelers) vehicles for personal or business purposes
  • Age :21- 65 years
  • Rate of Interest : Starting from 9% (based on CIBIL score)
  • Repayment period :
    1. Two Wheelers : For new vehicles – 36 Months
    2. Three Wheelers : For new vehicles – 60 Months, For Pre-owned vehicles: 48 Months
    3. Four Wheelers : For new vehicles – 84 Months, For Pre-owned vehicles: 48 Months
  • Area of Operation :All the areas coming under HMDA limits and Nagara Panchayats.
  • Documents required :
    1. 3 months Pay slips / Form 16 for past 2 years (in case of salaried employees) / 2 years IT returns (in case of self-employed)
    2. 6 months Bank statement.
    3. Quotation from Dealer.
    4. KYC documents etc
Rates of Interest Based on CIBIL Score
S. No. Particulars Revised Rates of Interest Based on CIBIL score ranges
1 Apex Vahan Mitra For 2 wheelers ≥700 - 12.00%
<700 - 12.50%
(-1) - 12.50%
Electric - 9.95%
For 3 & 4 wheelers ≥700 - 9.00%
<700 - 9.50%
(-1) - 9.50%
Electric - 8.95%
For Pre-owned 3 & 4 Wheelers ≥700 - 11.00%
<700 - 11.50%
(-1) - 11.50%
For Commercial Vehicles 12.00%
How To Apply

Get a TGCAB Loan in 3 easy steps.

01. Get In Touch 24/7 Service

+040 24685660, +04023443812
18005998866

02. Visit Our Branch

Visit the nearest branch.

Find the nearest branch
03. Receive a Call Back

Our representative will contact you at the earliest.

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TGCAB App

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and services, available anytime, anywhere.

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