Eligibility Salaried person: Persons having
permanent /
confirmed service. Salary slips of
last 3 months, Form
No.16 for
last year, copies of Income Tax Returns for last
two years with its enclosures (if applicable),
Last one year’s Bank Statement of all
accounts with other Banks. 24 times of Net
Pay – Subejct to
minimum
Net Pay of Rs.10,000/- per month. Other than
salaried : Income Tax Returns
filed in every year
and not
in bunch for last two/three years. Last one
year’s Bank Statement of all accounts with
other Banks. Two times of Net
Annual Income
subject to
minimum Net Income of Rs.1,20,000/-
Security Demand Promissory Note Agreement for Loan. Hypothecation of vehicle Guarantee Agreement Duly signed Blank Transfer
Form in triplicate. Copy of RC book with
Bank’s Registration Clause. Undertaking under section
49 of M.S.C. Act, 1960 from
salaried borrower/guarantor
in case
of salaried employees, post dated cheques to be obtained. Copy of insurance policy
with Bank’s clause.
Repayment 60 Months. (PDCs or salary
deduction) 14 Cheques for first year
(12 PDCs for EMI of one year
and 2 blank cheques,
thereafter 12 cheques per year) Return of PDC will attract
penalty of Rs.500- per
instrument per incident
Guarantors One
Common Documents Attested photocopy of PAN
card / Passport / Driving
License. Attested photocopy of
Ration Card /Electricity
bill / Telephone bill Latest Salary Slip and Fonn No. 16 in case of
salaried persons Audited Balance sheet /
Profit & Loss statement for
last 3 years in respect of
firm/company Income Tax returns, with
computation of total income
for last 3 years in case of
professionals
and self-employed persons Net Worth Form of borrower
and guarantors Copy of Bank statement (at
least six months) Latest passport size
photographs
Documents Borrower/guarantor to
become regular members. Direct disbursement to
dealer to be made. All stamped receipts to be
obtained on record.
::
New
Special Car Loans
Purchase of Four
Wheeler
