| Interest Rate |
11% |
| Eligibility of borrower |
- Having operative saving account of the bank
- Having good reputation, experience, credit worthiness and profit making
- Borrower must be member of the bank
- Have sufficient score in CIC Reports
|
| Purpose of loan |
Purchase of New vehicle - two wheeler and four wheeler |
| Proof of Identity |
PAN Card and Adhar card |
| Proof of Business |
Profit and loss statement, Balance Sheet, ITR Returns, Udyam portal registration, Food license (if applicable), GST Certificate |
| Proof of Address |
Copy of latest property electricity bill or tax bill In case of rental, copy of recent light bill as per addhar address or rent agreement |
| Quantum of finance |
20% Down payment and 80% of the value of quotation of vehicle |
| Share linkage |
Share linkage of Rs. 1000 |
| Repayment period |
Repayment in 60 months |
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