Open Close Time
Mon - Sat : 10.00 am - 6.00 pm, Sunday or 2nd & 4th Saturday Closed
Location
Patan, Gujarat- 384265
Mon - Sat : 10.00 am - 6.00 pm, Sunday or 2nd & 4th Saturday Closed
Patan, Gujarat- 384265
| Purpose | Personal/ Commercial loans for purchase of Cars/Two wheelers/Three wheelers / Commercial Vehicles |
| Eligibility | Salaried Employees /Businessmen/Professionals |
| Limit of loan | Depending upon repayment capacity OR cost of new vehicle ( valuation of old vehicle) less margin. |
| Basis of Advance | 1. upto 90% of cost of new vehicle. 2. 50% of the valuation of old vehicle ( Car ) |
| Repayment Period | 36 months for two wheelers & Maximum 60 months for new vehicles OR remaining life period of old vehicle. |
| Rate of Interest | CLICK HERE FOR THE RATES |
| Processing fees | Two wheeler Rs.250.00 + Service Tax Four Wheeler Rs.350.00 + Service Tax Used vehicle Rs.500.00 + Service Tax |
| Shareholding/ Membership Contribution | 2.50% of loan amount for limits of Rs.1.00 lac and above. |
| Security | Hypothecation of vehicle purchased with Bank Finance. |
| Guarantors | As acceptable to the Bank. ( with good net worth) |
| Documentation | 1. 1. Duly filled prescribed application form 2. 2. Photo Identity & Residence Proof of the Applicant & Guarantor 3. Income proof a) or b) frombelow as applicable a) Salaried person : salary slips for last 3 months, ITR/Form 16 for last 3 years, Bank Statement for last 6 months b) Businessman/Professional/self employed: last three years profit & loss account and balance sheet, & ITR and Bank statement for last 3 months. |