Maximum loan amount
up to 90% of
Cost of New Vehicle and upto 50 % of
Second hand Vehicle.
Easy Repayment
Period
upto 60 months.
Purpose
Purchase of Car/Two
Wheeler
Eligibility
Individuals / Firms
/ Companies
Quantum of
Finance
90% of the cost of
vehicle (New)
Security
Hypothecation of
Vehicle purchased
Registration of
Bank's charge with
R.T.O.
Repayment
Maximum 60 months (5 yrs)
Guarantors
Guarantee of spouse
Common Documents
Attested photocopy of PAN
card / Passport / Driving
License.
Attested photocopy of
Ration Card /Electricity
bill / Telephone bill
Latest Salary Slip and
Form 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
Pro-forma invoice from
Auto Dealer Down payment
receipt
Any other document as
required by bank.
::
Vehicle
Loan
For Purchase of New/
Second hand 
