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Quick Links
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 Vehicle Loan Scheme |
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Applicant:
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Any Individual (Single/Jointly)/Firm/Legal Entity.
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Purpose:
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For purchase of New/old vehicle ( not more than 5 years old).
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Loan Amount: |
As per Demand. (Ex-showroom price+ RTO Amount+Accessories are included.). |
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Rate Of Intrest: |
Rate of :12.50 % ( 2% Rebate As Per Condition ). |
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Repayment: |
36 months. |
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Security: |
Hypothecation of vehicle Two Guarantors. If loan amount is more than Rs.25 lac then immovable security need to be provided. |
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Processing Fee: |
1.5 % of the loan amount |
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Share Holding: |
2.50% Of The Loan Amount |
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Documents: |
Duly filled Loan Application Form Pro-forma Invoice of the Authorized Dealer For other documents. |
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Insurance: |
Insurance Of Property Charged To The Bank . |
- • New Member Form :
- 1. Pan Card , Ration Card/Latest Light Bill, Index 2 Xerox , 2 Photo
2. Affidavit
3. Loan Demand Form
4. Nominal Member Form - • Loanee Document :
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1. Pan Card , Ration Card
2. Latest Light Bill, Index 2 Xerox
3. Photo 1 , 3 Month Salary Slip And 10 Cheque
4. Shop Act License, Income Tax Returns Last 3 Years , Bank Statement ,Permanent Certificate - • Co Borrower Document :
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1. Pan Card , Ration Card
2. Latest Light Bill, Index 2 Xerox
3. Photo 1 , 3 Month Salary Slip And 10 Cheque
4. Shop Act License, Income Tax Returns Last 3 Years , Bank Statement ,Permanent Certificate
- • Guarantor No 1 :
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1. Pan Card , Ration Card
2. Latest Light Bill, Index 2 Xerox
3. 1 Photo , 3 Month Salary Slip And 10 Cheque
4. Shop Act License, Income Tax Returns Last 3 Years , Bank Statement , Permanent Certificate - • Guarantor No 2 :
- 1. Pan Card , Ration Card
2. Latest Light Bill, Index 2 Xerox
3. 1 Photo , 3 Month Salary Slip And 10 Cheque
4. Shop Act License, Income Tax Returns Last 3 Years , Bank Statement , Permanent Certificate
Loan File Documents As Follows
