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Hire Purchase Loan is available for purchase of two wheelers, three wheelers, four wheelers and for Commercial vehicles.
Applicant details :
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5 Photographs of Applicant
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Applicant Must be Member of Regular Member/Nominal Member
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Photo proof Driving License/Election Card/Passport/Aadhaar Card (Any one) Copy of PAN Card
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Address proof / electric bill /telephone bill (any one)
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Applicant's last two years Income tax Return / Payslip of last 6 months / Form 16
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Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.
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Last tax bill / certificate from society chairman/Secretary if applicant owned property
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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.
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Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
Guarantor Details
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Photograph-3 copies
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Guarantor must be Member of Regular Member/Nominal Member
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Photo Proof /Driving License/Election Card/Passport/Aadhaar Card
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Address proof / electric bill /telephone bill (any one)
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Copy of PAN Card
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Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.
Conditions
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Bank will give loan up to 85% of quotation
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For old car, applicant has to submit valuation report. Bank will give loan up to 50% of the valuation report.
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Vehicle Loan repayment in 36/48/60 Months with EMI.
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Interest will be debited on monthly basis.
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Applicant has to take insurance of full value of vehicle in favour of bank.
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Applicant have to pay margin amount to the bank.Bank will issue Banker cheque of full amount in the name of dealer.
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Applicant have to submit Xerox copy of invoice, receipt, insurance policy, RTO book showing Bank's lien recorded with RTO.
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Applicant has to take share @ 2.5% to 5.0% of the limit.
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Processing charges applicable as per bank rules.
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Applicant can open Savings Account in our Bank.
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Stamp charges applicable as per Govt.of Gujarat Stamp Dept.