 |
 | Applicant | : | Any Individual (Single/Jointly)/ Pvt. Ltd. Co. |
| Purpose | : | For purchase of New/Old vehicle ( 2/4 Wheelers) |
| Loan Amount | : | As per Demand. (Ex-showroom price+ RTO +Accessories are included.)
Margin - 0% for loan upto Rs 10 lac &
10% for loan above Rs 10 lac & 40% for resale vehicle |
| Rate of Interest | : | Click Here for Rate of Interest |
| Repayment | : | Max 60 months. |
| Security | : | Hypothecation of vehicle.No Guarantor upto Rs.10 lac.
If loan amount is more than Rs.25 lac then in such case immovable security need to be provided. |
| Processing Fees | : | 0.40% of the loan amount ( or min Rs. 400 and max No Limit) |
| Shareholding | : | Upto Rs.1 lac-Nominal membership
Above Rs.1 lac - 2.5% of the loan amount |
| Documents | : | Duly filled Loan Application Form
Pro-forma Invoice of the Authorized Dealer
For other documents – Check Add. Information |
| Other | : | Insurance of vehicle/Assets charged to the Bank |
 |
| | |
New's