Eligibility

» Account Holder and Member of the Bank

Vehicle

» Two Wheeler New

» Three Wheeler New

» Four Wheeler New

» Light Commercial Vehicle New / Old

» Medium Commercial Vehicle New / Old

» Heavy Commercial Vehicle New / Old

Loan Amount

» For Private Vehicle

» 75% of basic value/ price

» For Commercial vehicle

» 75% of basic Value/ price

Guarantor

» 2 Guarantor’s

Share Linking

»Linking Shares required @ 2.5 % of Loan Sanction Amount

Repayments

» Max. Period 84 Month (as per Loan Amount)

Security

» Said Vehicle, Collateral Security If Required

Documents

» CIBIL Report

» Quotation

» Latest Income Proof - Last three I T returns with audited Financial Statement of Applicant & Guarantor’s

» Bank Account Statement (Saving/ Current and Loan if any)

» In case of Salary Earner Employee – Last 6 months Salary Sheet (Certificate) and latest one year Salary bank account statement.

» ID Proof’s documents of Applicant & Guarantor's

» Aadhar Card

» PAN Card

» Borrower’s residential proof

Pre-closure

» No Pre-closure Charges

Rate of Interest