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VEHICLE LOAN

Vehicle Loan (V.L):

We provide Spot Loan facility to our customers for purchase of Bike, Scooter, Auto-Rickshaw, Car, Truck, JCB etc., with easy documentations.

On Road - 75% Loan 30 to 60 Easy Instalments 84 Instalments for Four Wheelers (7 Years) 25% Down payment (on road prize of vehicle)

Rate of Interest: 12.9% (Reducing Interest) For new Vehicle

Documents required for Vehicle Loan:-

  • 3 passport size photo.
  • Vehicle Quotation.
  • Identity Proof
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox
  • Adar Card Xerox
  • Nationalized Bank’s Advance Cheque.
  • 2 Surety – (SB a/c with St. Milagres)

Documents required for 2nd Hand Vehicle Loan:-

  • 15% FD on loan amount.
  • 3 passport size photo.
  • Identity Proof :–
    1. Second hand vehicle 10% FD.
    2. 2 Surety – (SB a/c with St. Milagres)
    3. Vehicle photo - (Front & Back)
    4. Valuation Report.
    5. Vehicle Insurance.
  • Driving License Xerox
  • Voter ID Xerox
  • Ration Card Xerox
  • Adar Card Xerox

Note: Loanee should be identified by the Branch Manager.