Vehicle Loan

Purpose

Purchase of new car

Quantum of Loan

Limit upto 25,00,000/- with one surety

Above 25,00,000/- upto 50,00,000/- with existing colletral.

Rate of Interest

Starting at 8.50% pa

Tenure

Upto 5 Years

PART-A

1. Absolute Sale Deed
2. Possession Certificate/Release of Lease Agreement
3. Betterment Charges paid receipt
4. Latest Khatha Certificate and Khatha Extract
5. Upto date Tax paid receipt
6. Encumbarance for 13 years in Form No.15
7. Income Proof
8. Sanctioned Plan
9. Family Affidavit for loan repayment commitment
10. Residential Address Proof
11. Building Photo
12. IT Returns for last 3 years along with Balance Sheet and Profit and Loss Account Statement duly certified by the charted accountant

PART-B

Purpose of Loan: For each purpose required documents to be submitted along with the above documents.

NOTE:

• Repayment of monthly installments – as per the Bank rules
• Loan will be sanctioned subject to fulfillment of any other conditions of the Bank(proportionate share amount, loan processing charges, insurance charges)