Two Wheeler (New) and Four Wheeler (Old/New)
Features
♦ To meet personal needs as well for business convenience
♦ 75% of the Invoice Cost or 60% of the Valuation Report/Purchase cost, in case of old four wheeler.
♦ Repayment in 60 months EMIs
♦ Rate of Interest and Margin at prevailing rate.
♦ Documentation Charges as applicable.
♦ Concessional Rate of Interest for our existing customers with good track record.
Eligibility
♦ Salaried Persons – Employees of reputed organization/Public sector/Private sector, with good take home salary to meet repayments.
♦ Businessmen & Professionals: Business/Practice should have established minimum of two years, with ITR’s also for at least two years.
♦ CIBIL Score 650 with no Overdues of applicant(s)/guarantors.
Required Documents
♦ KYC documents + PAN card of applicant(s) and guarantor(s) – Business and Residential.
♦ Financial papers along with Min Two Years ITR’s
♦ Audited Balance sheets where ever applicable.
♦ Two acceptable guarantors with acceptable income
♦ Hypothecation of Vehicle shall be registered with RTO.