- Purchase of 2 Wheeler, 4 Wheeler for Personal use
- Purchase of 2nd hand 4 Wheeler for Personal use
- Purchase of Commercial Vehicle
Individuals & Business Entity
- Loan tenure upto 40 months
- Nominal Processing Charge
- No Hidden Charges
- No Pre-payment/fore-closure charges
- Easy Process
- Interest is charged on reducing balance on daily basis
- Maximum finance upto 85% of the cost of new Vehicle &
- Upto 75 % of the cost of Old Vehicle (Terms Apply)
- Age of Vehicle Maximum Loan
- Upto 2 Years 75%
- 2 < 3 Years 50%
- 2 Guarantors, if Required
| Documents Required (Illustrative Only) | |||
| Salaried | Proprietorship firm | Partnership Firm | Pvt. Ltd Co. |
| PAN, Election Card, Driving License | PAN of Firm and all Partners | PAN of the Co. & all Directors | |
| Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill | Resi Proof of all partners | Resi Proof of all Directors | |
| Form 16, Last 3 Years | ITR (Computation of Income, P&L, Balance Sheet) for last 3 Years | ITR (Computation of Income, P&L, Balance Sheet) for last 3 Years of Firm and Partners | ITR for last 3 years of Co. & All Directors |
| Salary Slip of last 6 Months | Proof of Business Existence | ||
| Last 6 Months Bank Statements | Last 6 Months Bank Statements (self & Business) | ||
| Sanction Letter & Loan Statements of Existing Loans (If any) | |||
| Any other document/certificates as required by Bank | |||
- Hypothecation of Vehicle to be purchased
- Any additional security depending upon the case
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