Vehicle Loan

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

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.

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.