Loans
Vehicle Loan
Aspects
- Fast Loan Processing.
- loan limit is 70% to 80% of vehicle quotation.
- Maximum loan tenure of 5 to 7 years is allotted.
ROI & Handling Charges
- Rate of Interest is 11%.
- No Handling Charges
- Processing fees : As per rule.
- Margin Amount : 25% to 30% of loan amount.
Eligibility
- Salaried Individual, having a regular monthly income of Rs.10,000+
- Businessmen
- Self – employed
- Professionals having regular source of income
- Age : 18 to 55 years
Documentation & Security
- In case of new customer, applicant & guarantors need to open savings / current account.
- Duly filled form with :
- Income Proof of Applicant & Guarantors
- Residential Proof of Applicant & Guarantors
- PAN Card of Applicant & Guarantors
- KYC of Applicant & Guarantors
- Employer (salary slip of 3 months) and income verification
- Vehicle quotation
- Two Acceptable Guarantors.
Share Holdings
- Applicant should be regular member of the society.
- Two Guarantors are necessary.