VEHICLE LOAN

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Vehicle Loans

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
12%
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