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.
Maximum Limit :
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.
Documents Required :
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