We make sure that your dream car gets the maximum mileage with our competitive loan rates. So hop on for a smooth ride with this facility.
For acquiring Own Vehicle (Four wheeler) – New or Old – *for personal / Partners / Director’s / Trustee’s use, & not for any Commercial use. [Undertaking to be furnished]
Individual/s, salaried employees, Businessmen, Self-employed, Professionals having regular source of income.
*Firm (Proprietary/Partnership), Pvt. / Public Ltd. Co. / Reg. Trust.
Minimum Rs.1,00,000/-
New Vehicles: 100% on Basic Invoice Cost of Vehicles (excluding RTO, registration, tax & insurance)
Pre-owned Vehicles (not older than 3 years):
80% of valuation or Agreement value whichever is less.
Hypothecation of the Vehicle financed. .
New Vehicles:
NIL (RTO, Registration, Tax & Insurance to be borne by Applicant)
Pre-owned Vehicles:
@ 20% of valuation or Agreement value whichever is less.
Loan
application.
Residential proof of Applicant and sureties.
Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and sureties other than salaried persons.
Income Tax Returns of last three years of the Borrower(s) and the sureties.
Quotation