1 Maximum Limits Rs. 3.50 lacs per employee, per vehicle, however in exceptional cases loans up to Rs. 6.00 lacs can be considered. 2 Eligibility Employees of Government Department/Boards/ Corporations/ Statutory Bodies etc. 3 Purposes For purchase of Vehicles for self-use. 4 Eligibility Criteria 90% of the invoice price of vehicle to be purchased or Rs. 3.50 lacs which ever is less ensuring 35% take home salary by the loanee after payment of installment of loan. 5 Margin 10%. 6 Repayment period 15 Years 7 Security Hypothecation of vehicle

Rs. 3.50 lacs per employee, per vehicle, however in exceptional cases loans up to Rs. 6.00 lacs can be considered.

Employees of Government Department/Boards/ Corporations/ Statutory Bodies etc.

Contact

Approach to the State Headquarters and Branch Manager at District Level Branches
G.M. (Banking)
The Himachal Pradesh State Cooperative Bank Ltd.
Head Office
The Mall, Shimla- 171001.
0177- 2804492 202
gmb@hpscb.com