Who can Borrow | Regular member/Associate member |
Purpose | Convenient scheme both for personal use. |
Margin | |
Add Basic value 75 % |
Two wheeler 24 Months |
Four wheeler 36 months |
Security | Hypothecation of Vechicle to be purchased in the name of Society |
one member Surety req |
*Conditions apply |
Repayment | Max-60 months |
Processing Charges | 1 % ( as applicable from time to time) |
Attractive Features | Competitive Rate on daily reducing. No Prepayment penalty and no penalty for premature closing. |
Documentation Charges | As applicable |
Prerequisites | 1. 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. |