VEHICLE LOAN
Home/Loan
Home/Loan
| TITLE | NORMS | ||
|---|---|---|---|
| Purpose | Purchase of vehicle | ||
| Eligibility | Vijayanagara,Davanagere,Chitradurga,Gadaga,Bellary,Haveri Distric
Limit,BOD approved Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income |
||
| Loan Limit | On quatation amount. | ||
| Repayment Period | Repayable in 60 EMI Max. | ||
| Rate of Interest |
|
||
| Share Holding | 2.5% of the sanctioned Loan amount as per RBI notification | ||
| Security | Hypothecation of vehicle. | ||
| Purpose Proof | Driving license,Insurance,Invoice copy. | Documentation | Prescribed Application Form with Attested Copies of Photo ID – Voter
ID/DrivLicense/Passport/Aadhar PAN Card Income Proof - Salaried Certified Salary Certificate/Payslips- 3 months Form 16A issued by employer |