| Who can Borrow | Individuals (Singly/ Jointly) |
|---|---|
| Purpose | For purchase of New Two wheeler and 4 wheeler private and commercial use. |
| Max .Finance available | 65% for Four Wheeler and 50% for Two Wheeler of Basic cost (Ex-show room price) of the vehicle. |
| Security | Loan will be provided only for the members. Vehicle Hypothecated to the Bank. |
| Interest | For 2 wheeler 13% For 4 wheeler 12% |
| Repayment | Repayable in 36 months for 2 wheeler and 40 months for 4 wheeler vehicles. |
| Processing Charges | On Actual Basis |
| Documentation | 1. Loan Application 2. KYC Document 3. Photo 4. Quotation Copy of the Vehicle 5. Income Proof / If Salaried 3 Months Pay Slips 6. If Business Professional 3 Years IT Returns. |