Vehicle Loan
The Easiest Way to Own a Vehicle
Ride On Own Vehicle...
| Vehicle | : |
» Two Wheeler New / Old » Three Wheeler New / Old » Four Wheeler New / Old » Light Commercial Vehicle New / Old » Heavy Commercial Vehicle New / Old |
| Loan Amount | : |
» For Private Vehicle » 90% of basic value » For Commercial vehicle » 75% of basic Value |
| Guarantor | : | » Two (Creditworthy Guarantor's) |
| Membership | : | » @ 2.5 % of Loan Amount in share if loan amount > Rs. 1.00 Lakh » Nominal Membership if loan amount < or = Rs. 1.00 Lakh |
| Repayments | : | » Max. Period 84 Month |
| Security | : | » Said Vehicle, Collateral Security If Required |
| Documents | : | » Quotation » Latest Income Proof of Applicant & Guarantor’s, search title, valuation • In case of Businessman- Last three I T returns with audited Financial Statement. Bank Track Record last year • In case of Salary Earner – Last three months Salary Certificate and one years Salary a/c statement. » ID & RD Proof’s documents of Applicant & Guarantor's » Aadhar Card » PAN Card » Bank Track Record » Borrower’s residential proof |
| Pre-closure | : | » No Pre-closure Charges |
| Loan Processing Fee | : | » As Applicable (Service Charges) |