Eligibility criteria – Permanent Govt. of Punjab
employees and Autonomous Bodies and Financial
Institutions having good rating in BPS-16 & above or
equivalent & above.
Finance limit – Rs.5 to 10 lacs as per entitlement
at mark-up rate of 12%.
Margin requirement – 10% of the value of vehicle.
Repayment period – 5 years through monthly
installments.
Security – joint registration of vehicle and lien
mark on funds.
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