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| "RIDE-ON FINANCE" FOR TWO WHEELERS | ||
| "OWN YOUR CAR SCHEME" 1) For Purchase of New Brand Car for own use 2) For Purchase of New Brand Car for Tourist Business,Taxi & Professionals 3) For purchase old car for not more than 5 years. Old car for own use as well as for Tourist Business, Taxi & Professionals |
10.00 % 13.00 % |
|
| HEAVY VEHICLES-NEW HEAVY VEHICLES-OLD |
||
| A) AUTO RICKSHAW LOANS-NEW AUTO RICKSHAW LOANS-OLD CNG KIT LOAN (AUTO & TAXI) |
15.00 % 15.00 % |
| |
||
|---|---|---|
| Two Wheeler | Rs. 5000/- (Irrespective of Invoice Price) | |
| Taxi |
85% of Profarma Invoice of Authorised Dealer |
|
| Heavy Vehicles |
95% of Profarma Invoice of Authorised Dealer + 75% for Body Building | |
| Car for Self Use |
85% of Profarma Invoice of Authorised Dealer | Car for Tourist Business Registered Professionals |
Rs. 25000/- (Irrespective of Invoice price) |
| Auto Rickshaw for Accessories |
95% Profarma Invoice of Authorised Dealer 75% or Rs. 10,000/- whichever is less | |
| CNG Kit for Rickshaw & Taxi |
90% of Profarma Invoice of Registerd Dealer |
Guarantors Required : Two
Income of Surety :
As per the Bank Policy
Loan Application duly filled in all respect.
Four latest Passport size photographs.
Proof of Identity - Driving License and Photo copy of PAN Card
compulsory and Any one of following; photo copy of ID Card / Passport / Aadhaar Card.
Proof of Residence - Photo Copy of Ration Card (must) and Any one from following; Latest Telephone Bill / Electricity Bill / Property Tax paid / Passport / Voters ID/ Aadhaar Card etc.
Bank A/C Statement for last one year.
Income Proof:
● Salary earner
* last 3 months original authenticated salary slips.
* Copy of Form No.16 for last 2 years.
● Businessman
* Acknowledged copies of last three years I.T. Return with IT paid Challans.
* CA certified Trading and Profit Loss A/c, Balance Sheet with all schedules.
* Computation of Income statement.
* Business proof.
Proforma Invoice for new vehicle to be purchased and valuation Report in case of old vehicle from Banks approved valuer.
Driving License of applicant or driver appointed by him.
In case of Vehicle for commercial use :
* necessary permit to own & run the vehicle.
* business assurance letters.
In case of Car Finance to registered professionals-
* copy of Certificate of Registration of profession.
ECS mandate copy, Post Dated Cheques (PDC), Standing Instruction (SI) for debiting monthly EMI from SB or CD A/c.
Opening of Saving Bank A/c or Business Current A/c is compulsory.
Share linkage - 2.5 % of loan amount.
Process fees as per bank's policy.
No pre-closer charges .
Interest on reducing balance.
Two pass port size photographs.
Proof of Identification ... as above.
Proof of residence ... as above.
Proof of Business.
Income proof ... as above for two months.
Address: 217, Raja Rammohan Roy Road, Girgaum,
Mumbai- 400 004.
