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VEHICLE LOAN


CAR Loan
NEW CAR LoanOLD CAR LOAN (Resale)
Interest Rate : 11.00% Interest Rate : 13.00%
Terms & Condition
(upto Rs.25/- Lacs) Installment not more then 60 months DSCR for borrow not below 1.75
New Car Loan - 80% on Purchase price (On Road)
Old car is not more than 3 years from purchase date, loan will be sanctioned 50% on valuation certificate

Two Wheelers / CNG Riskshaw and Other Commercial Vehicles
Interest Rate : 12.50%

Loan Amount: Interest Rates: Term(Month):
Results: Monthly Payment(EMI):

ADVANTAGE OF CAR LOAN FINANCE WITH US
1.Fixed for first 36 month thereafter floating
2.Interest Application on a DAILY REDUCING BALANCE and not on a monthly reducing balance.
3.ON ROAD cost Finance Available (Cost of Car + Octroi Charges + RTO Charges + Insurance Charges + Accessories Costs All incuded in loan amount)
4.Flexiblility of Clubbing Family Income for Loan Eligibily.
5.Processing Charge Rs.1000/- + Service Tax (upto 10/- Lacs) and Rs.3000/- + Services Tax (Above 10/- Lacs)
6.Share Linkage : 2.50% of Loan Amount - Maximum Rs.50000/-
7.Flexibility of making payment more than EMI.
8.No Advance EMI Last EMI amount significantly LOWER
9.No Pre-Payment Charges.
10.No hidden cost or administrative charges.
11.Processing Time : 1 to 2 days (after receipt of all the papers)
12.Easy and hassle free processing.
13.Completely transparent system & procedure.

OTHER DETAIL
1.Age : 21 - 65 Years
2.Margin : 20% and not on a monthly reducing balance.
3.Repayment : Maximum up to 5 years
4.Please check for prevailing rate of interest.

Bank reseves the right to change terms & Conditions
EMI TABLE
Principal Amount :RS.1,00,000/-
Interest Rate :@ 11.00% and not on a monthly reducing balance.
12 MonthsRs. 8,840/-
24 MonthsRs. 4,460/-
36 MonthsRs. 3,275/-
48 MonthsRs. 2,585/-
60 MonthsRs. 2,175/-


List of Document Required (From the Applicant)
1.One Passport size photograph (kindly affix the photo and sign across)
2.I.D. proof :/ Copy of Passport/PAN Card/Driving Licence/Election Card/Employers I.D.Card etc.
3.Residence Proof : Copy of Electricity Bill/House Tax Bill/Residence Telephone Bill.
4.Business Proof : Copy of Telephone Bill/Electricity Bill/Certificate of Sales Tax/Office / Shop Property Bill Lease Deed / Certificate of incoporation etc.
5.For Salaried Persons : Income Tax Return & Form 16 for Last 3 Year, Salary Slip for last 3 Months, Bank Statement for Last 6 Months
6.For Businessmen : Income Tax Return with Computation of income & Balance Sheet for last 3 Years, Bank Account Statement for last 6 Months(Main Business A/c)
7.Quotation from the Dealer in original (With Signature of Customer)
8.Cheque Processing Charges.
9.Stamp Duty 0.25% of Loan Amount Plus Personal Guarantee of Rs. 100/-
10.Margin Money Recepit.
11.Post Dated Cheques
12.Self Attestation on all Xerox Copies.

List of Document Required (From the Guarantor)
1.One Passport size photograph (kindly affix the photo and sign across)
2.I.D. proof :/ Copy of Passport/PAN Card/Driving Licence/Election Card/Employers I.D.Card etc.
3.Residence Proof : Copy of Electricity Bill/House Tax Bill/Residence Telephone Bill.
4.Business Proof : Copy of Telephone Bill/Electricity Bill/Certificate of Sales Tax/Office / Shop Property Bill Lease Deed / Certificate of incoporation etc.
5.For Salaried Persons : Income Tax Return & Form 16 for Last 3 Year, Salary Slip for last 3 Months, Bank Statement for Last 6 Months
6.For Businessmen : Income Tax Return with Computation of income & Balance Sheet for last 3 Years, Bank Account Statement for last 6 Months(Main Business A/c)
Reference should be preferable