Vehicle Loan

• Hire Purchase Loan is available for purchase of two wheelers. four wheelers and Commercial vehicles.

Applicant:

• Applicant’s three years Income tax Return / Payslip of last two years and Form 16 Issue by compare 3 months / Notarized income certificate for joint family.
• Last tax bill / certificate from society chairman/Secretary if applicant owned property
• Quotation of vehicle
• Applicant has to show all original documents to the bank for verification with xerox copy. Original documents will be returned to applicant after verification.

Guarantor Details

• Photograph-2 copies
• Last tax bill + Receipt of Paid
• Last 3 year income tax return copy + Receipt of paid
• Address proof – electric bill / telephone bill (any one) As per KYC norms
• Photo proof – Pan card /Voter card / Driving license/Aadhar card As per KYC norms

Conditions :

• We give loan up to 85% to 90% of quotation amount.
• 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 60 equal 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 copy of invoice, receipt/Xerox copy, insurance policy. RTO book showing Bank’s lien recorded with RTO.
• Applicant has to take share @ 1.00% of the limit.
• Insurance policy of vehicle to renewal on due date every time till the loan is continued and submit to bank.

Requirements :

•  PHOTO I.D.(ANY ONE)
• Aadhar Card
• Pan Card
• Voter ID Card
• ADDRESS PROOF (ANY ONE)
• Electricity Bill (not more than 6 months old)
• Municipal Tax Bill
• Pass Port

• Gas Bill /Telephone Bill :Latest
• 1College /School ID Card
• Latest LIC Premium Receipt
• Government/Semi Government ID Card
• Other Bank Passbook
• Passport Size Photograph 2 Copies
• Birth Certificate for minor account
• Introduction From Existing account Holder