Vehicle Loan

1. Rules & Regulations:

Maximum Loan Limit – 40.00 Lakhs
Maximum Loan Period :72 Months
Age limit :60 Years
Rate of Interest :10%
Maximum Loan Period

1. Four  wheeler  Loans Period : 72 months
2.  Two wheeler  and Three wheeler  Loans Period : 36 months

Eligible persons :
Govt. employees. Central Govt. employees, Semi-Govt. employees. Bank Employees,
Businessmen
Purpose of  Vehicle Loan :Personal/ For hire Purpose.
Eligible Loan Amount:

1. 90% of quotation amount for 2 wheeler and 3 wheeler.
2. 85% of quotation amount for 4 wheeler
3. 80% of quotation amount for Bus, Lorry and J.C.B

1. Documents Required for Vehicle Loan (upto Rs.15.00 lakhs:(4 Wheeler/ Bus/ Lorry/ J.C.B)
2. For govt/semi govt employees : salary certificate from pay drawing officer 
3. For Business man : previous year balance sheet certified From chartered accountant  and ITR copy.
4. Driving License.
5. Two  surety.
6. Quotation
7. Documents Required for Vehicle Loan (above Rs.15.00 lakhs):
8. Registered Sale deed / partition deed( Non Agri Property)
9. Current Tax paid Receipt.
10. Mutation copy.
11. Latest Form no.3
12. 15 years EC.
13. Two  surety.
14. Quotation .             

  Rules applicable                    

Electric VehicleLoan

1. Rules & Regulations:

Maximum Loan Limit – 40.00 Lakhs
Maximum Loan Period :72 Months
Age limit :60 Years
Rate of Interest :10%
Maximum Loan Period

1. Four  wheeler  Loans Period : 72 months
2.  Two wheeler  and Three wheeler  Loans Period : 36 months

Eligible persons :
Govt. employees. Central Govt. employees, Semi-Govt. employees. Bank Employees,
Businessmen
Purpose of  Electric Vehicle Loan :Personal
Eligible Loan Amount:

1. For employees: 80% of quotation amount (Two Wheeler and Three Wheeler)
2. For others : 50% of quotation amount (Two Wheeler and Three Wheeler)
3. 60% of quotation amount for 4 wheeler

Documents Required for Electric Vehicle Loan (upto Rs.10.00 lakhs:

1. For govt/semi govt employees : salary certificate from pay drawing officer 
2. For Business man : previous year balance sheet certified From chartered accountant  and ITR copy.
3. Driving License.
4. Two  surety.
5. Quotation.

Documents Required for Electric Vehicle Loan (above Rs.10.00 lakhs):

1. Registered Sale deed / partition deed( Non Agri Property)
2. Tax paid Receipt.
3. Mutation copy.
4. Form no.3
5. 15 years EC.
6. Two  surety.
7. Quotation.                      

                                                                                                                                                                      Rules applicable