Vehicle Loan

  • Hire Purchase Loan is available for purchase of two wheelers, three wheelers, four wheelers and for Commercial vehicles.

Applicant details :

  • 5 Photographs of Applicant
    Applicant Must be Member of Regular Member/Nominal Member
    Photo proof riving License/Election Card/Passport/Aadhaar Card (Any one) Copy of PAN Card
    Address proof electric bill /telephone bill (any one)
    Applicant last two years Income tax Return / Payslip of last 6 months / Form 16
    Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.
    Last tax bill / certificate from society chairman/Secretary if applicant owned property
    Personal Loan specially design for Employees of state /central, public sector / reputed educational institutes / hospitals / multinational and other reputed profit making companies, traders, self employed and professionals.
    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.