Vehicle Loan

Who can BorrowRegular member/Associate member 
PurposeConvenient scheme both for  personal use.
Margin 
Add Basic value 75 %
Two wheeler 24 Months
Four wheeler 36 months
SecurityHypothecation of Vechicle to be purchased in the name of Society 
one member Surety req
*Conditions apply
RepaymentMax-60 months
Processing Charges1 % ( as applicable from time to time)
Attractive FeaturesCompetitive Rate on daily reducing. No Prepayment penalty and no penalty for premature closing.
Documentation ChargesAs applicable
Prerequisites1. Individuals employed/engaged in business/having professional income and sound financials.
2. Invoice from the Authorized dealer.
3. Applicant and Surities Salary certificate/salary slip for consecutive three months.
4. KYC requirement.