- We offer Personal Loan to meet personal expenses e.g. Marriage, Family Functions, Medical Expenses, Travel, Education etc.
Applicant details :
- Quotation of vehicle
- 5 Photographs of Applicant
- Applicant Must be Member of Regular Member/Nominal Member
- Applicant last two years Income tax Return / Payslip of last 3 months / Notarized income certificate for joint family.
- Last tax bill / certificate from society chairman/Secretary if applicant owned property
- Address proof electric bill /telephone bill (any one) As per KYC norms
- Photo proof Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms
- Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
Guarantor Details
- Photograph-3 copies
- Guarantor must be Member of Regular Member/Nominal Member
- Photo Proof ??Driving License/Election Card/Passport/Aadhaar Card
- Address proof ??electric bill /telephone bill (any one)
- Copy of PAN Card
- Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.
Conditions
- Bank will give loan up to 85% of quotation
- For old car, applicant has to submit valuation report. Bank will give loan up to 50% of the valuation report.
- Vehicle Loan repayment in 36/48/60 Months with EMI.
- Interest will be debited on monthly basis.
- Applicant has to take insurance of full value of vehicle in favour of bank.
- Applicant have to pay margin amount to the bank.Bank will issue Banker cheque of full amount in the name of dealer.
- Applicant have to submit Xerox copy of invoice, receipt, insurance policy, RTO book showing Bank's lien recorded with RTO.
- Applicant has to take share @ 2.5% to 5.0% of the limit.
- Processing charges applicable as per bank rules.
- Applicant can open Savings Account in our Bank.
- Stamp charges applicable as per Govt.of Gujarat Stamp Dept.