Vehicle Loan

Hire Purchase Loan is available for purchase of two wheelers, three wheelers, four wheelers and for Commercial vehicles.

Applicant details :

Guarantor Details :

  • 5 Photographs of Applicant
  • Applicant Must be Member of Regular Member/Nominal Member
  • Photo proof –Driving License/Election Card/Passport/Aadhaar Card (Any one)
  • copy of PAN Card and Adhar Card
  • Address proof – electric bill /telephone bill (any one)
  • Applicant’s last two years Income tax Return / Payslip of last 6 months / Form 16
  • Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.
  • Last tax bill / certificate from society chairman/Secretary if applicant owned property
  • Personal Loan specially design for Employees of state /central, public sector / reputed educational institutes / hospitals / multinational and other reputed profit making companies, traders, self employed and professionals.
  • Applicant has to show all original documents to the bank for verification with xerox copy.

  • Photograph-3 copies
  • Guarantor must be Member of Regular Member/Nominal Member
  • Photo Proof – Driving License/Election Card/Passport/Aadhaar Card
  • Address proof – electric bill /telephone bill (any one)
  • Copy of PAN Card and Adhar Card
  • Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.
  • Terms and Conditions

    • Bank will give loan up to 85% of quotation
    • For old car, applicant has to submit valuation report. Bank will give loan up to 50% of the valuation report.
    • Vehicle Loan repayment in 36/48/60 Months with EMI.
    • Interest will be debited on monthly basis.
    • Applicant has to take insurance of full value of vehicle in favour of bank.

    • 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.
    • Processing charges applicable as per bank rules.
    • Applicant can open Savings Account in our Bank.
    • Stamp charges applicable as per Govt.of Maharashtra Stamp Dept.