Quick overview of features, purpose, eligibility & documents
Product Features:
✔ Maximum permissible LTV (Loan to Value) Ratio is 80% of ‘on road price’ of the vehicle.
✔ Low Processing Fee.
✔ Repayment up to 5 years.
✔ Fixed Rate of Interest.
✔ No hidden charges.
Purpose:
Purchase of new passenger cars, Multi Utility Vehicles (MUVs) and Sports Utility Vehicles (SUVs).
Eligibility:
✔ Vehicle loan can be availed by salaried individuals, self employed individuals, Professionals, Businessman, proprietary/partnership firms and others who are income Tax assesses.
✔ Minimum Age: 21 years
✔ Maximum Age: 60 years.
Documents required (applicable to all applicants):
Loan Application: Loan application form duly filled in affixed with 2 passport size photographs.
Proof of Identity (Any one): PAN/Passport/Driving License/Voter ID Card.
Proof of Residence/Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Passport/ Voters ID card/ Aadhar Card.
Proof of Income: Latest Salary slip with Form 16.
For more details, Please Visit your nearest branch.
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