Vehicle Loans
Vehicle Loan | Two Wheeler (New/Old) / Three Wheeler ( New/Old) / Four Wheeler ( New/Old) |
Loan Amount | New Vehicle – 80% Of Quotation @ROI- As applicable in Loan Interest Rate Chart Old Vehicle – 75% of Valuation (3-5 Years) @ ROI- As applicable in Loan Interest Rate Chart |
Guarantor | Two (Creditworthy Guarantor’s ) |
Membership | @ 2.5 % of Loan Amount in share if loan amount > Rs. 1.00 lack Nominal Membership if loan amount < or =Rs. 1.00 Lack |
Loaning | Immediate Loan Sanction |
Security | Said Vehicle |
Documents | Quotation Latest Income Proof of Applicant & Guarantor’s o In case of Businessman- Last three I T returns with audited Financial Statement. Bank Track Record last year o In case of Salary Earner – Last three months Salary Certificate and one years Salary a/c statement. I D & Add Proof’s documents of Applicant & Guarantor’s Bank Track Record Borrower’s residential proof |
Pre-closure | 2 % of Balance Amount |