Applicant Details :

• Applicant’s 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
• Applicant should have Savings/ current Bank account with the bank
• Applicant’s Pan card and Aadhar card.
• 3 Photographs of Applicant.
• Address proof – Electric bill/ Telephone bill -land line (any one) As per KYC norms
• Quotation of vehicle
• Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
• Applicant must have a Driving License.
• Anyone from the Applicant and the guarantor have their own Property.

Guarantor Details :

• Photograph-1 copies
• Last tax bill
• Last income tax return copy / Pay slip of last 3 Months.
• Address proof – electric bill /telephone bill /Gas bill (any one) As per KYC norms
• Photo proof – Aadhar card / Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms

Conditions :

• Bank will give loan up to 75% of quotation.
• Applicant has to take insurance of full value of vehicle in favour of bank.
• The Loan will be repaid with interest in 36 to 60 equal monthly installments.
• 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 1 share of Rs 100/- .
• The processing charges will be 1% of loan amount Sanction.