Vehicle Loans
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We thank you for showing your interest in us. Following is the way to opening an
account with us.
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- Please find our
Branch nearest to you and contact
our representative
for further proceedings.
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We request you to wait for 7 working days after your application to revert back
to you. Thanks you in the meantime for your patience.
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Are you planning to buy a vehicle and need funds? We are able to get the right vehicle
loan for your vehicle needs through our new vehicle loan schemes.
Purpose
Purchase of New Scooter, Motor Cycle, Moped etc.
Eligibility
- A permanent Employee for salaried person whose net monthly income is at least 5000/-
- Doctors, Engineers, C.A., Professor, Traders, Businessmen etc.
Rate of Interest
As applicable from time to time. (See Current Rates)
Security/Documents
Driving License, Equitable Mortgage of Property, fixed Assets, Quotations, Two Guarantor,
Income Certificate.
Repayment
Maximum 3 years
Are you planning to buy a vehicle and need funds? We are able to get the right vehicle
loan for your vehicle needs through our new vehicle loan schemes.
Purpose
Purchase of New Taxi, Jeep, Car, Mini Bus etc.
Eligibility
- Self Employed who are income tax assessee / Professionals / Doctors / Engineers
/ C.A.s / Business / Traders etc.
Amount and Margin
- Loan Amount:85% of Cost of Vehicle or Income
of 24 Months whichever is lower for arriving at the salary / Income.
- Margin:15%
Rate of Interest
As applicable from time to time. (See Current Rates)
Security/Documents
Hypothication of Vehicle / Driving License, Equitable Mortgage of Property / Quotation
/ Income Certificate / Two Guarantor Bank Member / Income Tax Payer.
Repayment
Maximum 5 years
Like to buy a vehicle but have limited finance; take a smart financial decision
to buy a used vehicle with our old vehicle loan scheme.
Purpose & Type
- For personal or business purpose (any salaried person or businessman or the person
whose income is min Rs 60,000/- and income tax return will be valid).
- Only for the used 4 wheelers
- Type: Term Loan Monthly Repayment basis.
Eligibility
- 50% of the cost of vehicle is provided as a loan.
- Certificate of the vehicle cost from authorized surveyor of any nationalized company
of India. Like national insurance company ltd., the new India insurance company
ltd., UIT Etc.
- Vehicle will be not older than 2 years.
- Registration of the vehicle must be under the Rajasthan state .if it is purchased
from out of the Rajasthan than it should be registered in Rrajasthan.
- Owner of the vehicle give the vehicle’s hypothecation to the bank and registered
the main document of purchased vehicle in the registrar office.
- Insurance of vehicle will be at the name of both owner and bank.
- Repayment of loan will be done within 24 monthly installments.
- Max. Age will be 60 years.
- Loan is given only for the vehicle which is used for private use.
Amount and Tenure
- Loan Amount:Maximum 3 Lacs
- Tenure:2 Years
Rate of Interest
As applicable from time to time. (See Current Rates)
Security/Documents
2 income tax payer guarantors, postdated checks and main original documents of vehicle.
Repayment
24 months maximum