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| For Purchasing of Two-Wheeler & Commercial Vehicle |
| 1. |
Loan Limit : Maximum up to Rs.20.00 lakh |
| 2. |
Repayment : 7 Yrs |
| 3. |
No Pre-payment Penalty. |
| 4. |
Rate of Interest : ( Two Wheeler ) 11.00% |
| 4.1 |
Rate of Interest : ( Auto / Transport Vehicle ) 12.50% |
| 5. |
Service Charges : are Applicable from time to time. |
| 6. |
Margin : 25% for Two Wheeler and 10 % for Commercial Vehicle |
| 1. |
Salaried persons: Employee of reputed organization with confirmed service of minimum 1 year. |
| 2. |
Businessmen/professional/self employed. |
| 1. |
Duly filled form with : |
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i. Income Proof of Applicant(s) & Guarantor(s) |
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ii. Residential Proof of Applicant(s) & Guarantor(s) |
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iii. PAN Card of Applicant(s) & Guarantor(s) |
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iv. KYC of Applicant(s) & Guarantor(s) |
| 2. |
No Prime Security |
| 3. |
Two Acceptable Guarantors and Security holders to be also taken as guarantors. |
| 4. |
Other Charges : One Upfront EMI, Franking Charges, etc |
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