Eligible category of borrowers
- Regular members of our bank only
Line of activity
- Persons engaged in business/professional services having good turnover/income.
Quantum of loan
- As mentioned in Interest chart
- Monthly Installment + Interest
Rate of Interest
- As mentioned in Interest chart (Subject to changes / revision from time to time)
- Purchase of Vehicle
- Hypothecation of Vehicle to be purchased
- As applicable
- 2 sureties who are necessarily to be Regular members / Nominal members of the bank. Spouse should become one of the sureties.
- As applicable to other loans
- Specified loan application.
- Guarantor’s declaration form.
- Address and income proof of both borrower & sureties.
- Audited Financial statements, whenever necessary to be provided.
- All original property documents.
- Hypothecation agreement as applicable
- Any other letter/document related to the vehicle/activity/purpose as the case may be.
- Duplicate Key / RC book copy / Insurance of vehicle is to be provided.
For more details / clarification please contact your nearest branch.
|2 Wheelers Up to Rs. 1 Lakh||11.00%|
|3 Wheelers Up to Rs. 1.5 Lakhs||11.75%|
|4 Wheelers Up to Rs. 25.00 Lakhs||12.25%|
|For Co., Up to Rs. 25.00 Lakhs||11.75%|