Vehicle Loan

The purpose of this loan is to buy vehicles. It may be a motor, bus, two wheeler, tractor, riksha, JCB, any other vehicles. The 75% of Vehicle quotation will be the loan limit. The period will be 3 to 5 years. You require 2 Guarantors and the margin will be 25%.

Security

  • Plant 2. Machinery with non movable property‚Äôs mortgage.

Interest Rate

  • 1.Vehicle Loan 10.50%
  • 2.Commercial Vehicle Loan 11.00%

Documents

  • 1. Quotation.
  • 2. Loan Applicant's Income Certificates.
  • 3. No Dues.
  • 4. Photo of Loan Applicant and Guarantors, Pan card, ID, Residential Proof.
  • 5. Loan Applicant Property Documents.
  • 6. One Guarantor must be a Govt., Semi-Govt. Employee
  • 7. Quotation for Old Vehicle valuation report.
  • 8. Driving License.