News

  • Dear Customer,Per new Income Tax Law nominal/members are subject to TDS deduction on Bank Deposits.To avoid TDS deduction submit form 15G/H yearly,if applicable.

Vehicle Loan

  • Hire Purchase Loan is available for purchase of two wheeler and four wheeler Vehicle.

  • Applicant's last two years Income tax Return / Payslip of last 3 months / Notarized income certificate for joint family
  • Last tax bill / certificate from Society Chairman/Secretary if applicant owned property
  • Applicant should have Savings/ current Bank account with the bank
  • Applicant's Pan card and Aadhar card.
  • 3 Photographs of Applicant.
  • Address proof - Electric bill/ Telephone bill -land line (any one) As per KYC norms
  • Quotation of vehicle
  • Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
  • Applicant must have a Driving License.

  • Photograph-3 copies
  • Last tax bill.
  • Last 3 year income tax return copy.
  • Address proof - electric bill /telephone bill (any one) As per KYC norms.
  • Photo proof - Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms.

  • Bank will give loan up to 75% of quotation.
  • Applicant has to take insurance of full value of vehicle in favour of bank.
  • The Loan will be repaid with interest in 36 to 60 equal monthly instalments.
  • Applicant have to pay margin amount to the bank. Bank will issue Banker cheque of full amount in the name of dealer.
  • Applicant have to submit Xerox copy of invoice, receipt, insurance policy, RTO book showing Bank's lien recorded with RTO.
  • Applicant has to take share @ 2.5% of the limit.
  • The processing charges will be 1% of loan amount Sanction.