Product Description
Vehicle : Two Wheeler New / Old , Three Wheeler New / Old , Four
Wheeler New / Old , Light Commercial Vehicle New / Old , Heavy Commercial Vehicle New / Old
Loan Amount : For Private Vehicle , 90% of basic value ,
For Commercial vehicle , 75% of basic Value
Repayments : Max. Period 84 Month
Security : Said Vehicle, Collateral Security If Required
Eligibility
Guarantor : Two (Creditworthy Guarantor's)
Membership : @ 2.5 % of Loan Amount in share if loan amount > Rs.
1.00 Lakh , Nominal Membership if loan amount < or=Rs. 1.00 Lakh
Rate of interest
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Documents Required
Quotation
Latest Income Proof of Applicant & Guarantor’s, search title, valuation
In case of Businessman- Last three I T returns with audited Financial Statement. Bank Track Record
last year
In case of Salary Earner – Last three months Salary Certificate and one years Salary a/c statement.
ID & RD Proof’s documents of Applicant & Guarantor's
Aadhar Card
PAN Card
Bank Track Record
Borrower’s residential proof
Terms and Conditions
Pre-closure : No Pre-closure Charges
Loan Processing Fee : As Applicable (Service Charges)
How To Apply
Get a Education Loan in 3 easy steps.
03. Get Response
Our team will contact you promptly to process your application