Vehicle Loan    For Purchase of New/ Second – hand       Four / Two Wheelers.       Maximum loan amount up to 85% 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 / Finns / Companies

Quantum of Finance
   95% of the cost of vehicle (New)

Security
   Hypothecation of Vehicle purchased out of !
   The loan and 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.