Vehicle Loan is available for purchase of two wheelers, Four wheelers vehicles.
Applicant details :
- Applicant’s last two years Income tax Return / Payslip of last 3 months / Notarized income certificate for joint family.
- 3 photographs of Applicant.
- Address proof – electric bill /telephone bill (any one) As per KYC norms
- Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms
- Quotation of vehicle
- Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
Guarantor details:
- Photograph-2 copies
- Address proof – electric bill /telephone bill (Any one), two month old
- ID proof – Pan card / Voter card / Driving license/Aadhar card (Any one)
Conditions:
- We give loan up to 75% of quotation of basic price. for transport/ commercial vehical Bank will give loan upto 70% of quotation of basic price.
- Applicant has to take insurance of full value of vehicle in favour of bank.
- The Loan for two wheelers, Four wheelers will be repaid with interest in 36 to 60 monthly instalments.
- Applicant have to pay margin amount to the bank. Bank will issue Banker cheque of full amount in the name of dealer.
- Applicant have to submit Original of invoice, receipt, insurance policy, RTO book showing Bank's lien recorded with RTO.
- The applicant has to provide two guarantors.
- Applicant has to take share @2.50% of the limit.
- The processing charges 0.50% will be levied on saction.