- Hire Purchase Loan is available for purchase of two wheelers, four wheelers and Commercial vehicles.
Applicant details :
- Applicant’s three years Income tax Return / Payslip of last two years and Form 16 Issue by compare 3 months / Notarized income certificate for joint family.
- Last tax bill / certificate from society chairman/Secretary if applicant owned property
- Quotation of vehicle
- Applicant has to show all original documents to the bank for verification with xerox copy. Original documents will be returned to applicant after verification.
- Photograph-2 copies
- Last tax bill + Receipt of Paid
- Last 3 year income tax return copy + Receipt of paid
- Address proof – electric bill / telephone bill
- Photo proof – Pan card / Voter card / Driving license/Aadhar card
- We give loan up to 85% to 90% of quotation amount.
- Applicant has to take insurance of full value of vehicle in favour of bank.
- The Loan for two wheelers, four wheelers will be repaid with interest in 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 Original copy of invoice, receipt / Xerox copy, insurance policy, RTO book showing Bank's lien recorded with RTO.
- Applicant has to take share @ 1.00% of the limit.
- Insurance policy of vehicle to renewal on due date every time till the loan is continued and submit to bank.
|Valid Photo I.D.(Any One)||Address Proof (Any One)|
|Adhar Card||Adhar Card|
|Pan Card||Electricity Bill (not more than 6 months old)|
|Voter ID Card||Municipal Tax Bill|
|Pass Port||Gas Bill / Telephone Bill :Latest|
|College / School ID Card||Latest LIC Primium Receipt|
|Government / Semi Government ID Card||Other Bank Passbook|
- Passport Size Photograph 2 Copies
- Birth Certificate for minor account
- Introduction From Existing account Holder