Warana Car loan

ANNOUNCEMENTS WARANA is eminently, a unique name that stands as forerunner in the co-operative movement in India. The name WARANA sounds suitable wherever there is a mention of co-operative movement.

Warana Car loan

Achieve Your Dreams Quickly Add pace to it, through our Vehicle Loan.

Car Loan is available for :

  • Purchase of New / Old Car
  • Commercial Vehicles
  • Two Wheelers


Salaried persons, professionals and business people, with qualifying income and required repayment capacity. Reputed firms and corporates are also eligible.

Minimum Employment
1.For Service Persons Total – 3 yrs
2.Current – 2 yrs
3.Others – 3 yrs

Minimum Annual Income
4W - Rs.3.50 lac for salaried, Rs. 2.00 lac for others 2W – Rs. 2.00 lac (Income of spouse can be included if joins as Co-applicant)

Maximum amount
4W – Rs.15.00 lac 
2W – Rs.0.50 lac 
Salaried - 18 times Gross Pay 
Professionals - 1.50 times of average annual Income as per their last three Balance - Sheet/ P & L account or last years income whichever is less.

Hyp. of Vehicle

Two Guarantor acceptable to Bank

Margin :
15% for new vehicle.
50% for second hand 4 wheeler up to 3 yrs

Repayment is done through Equated Monthly Installments (EMIs) comprising both principal and interest. Servicing of EMI would be through
• Post Dated Cheques (PDCs)
• Standing Instruction
• ECS 4W(New) 84 Months

2W 60 Months
2nd 4W 60 Months