VVCC Bank| SMSBanking
VVCC Bank| SMSBanking
Car Loan

Car Loan @08.75% (WEF 01-12-2018)

Terms and Conditions:

  • Hypothecation of Vehicle
  • Up to 80.00 % of On Road Value of Quotation
  • Re-Payment Period up to 60 Months
  • KYC Documents with 2 Latest Photographs
  • 3 Yrs. I.T. Returns / Balance Sheet/ Last 3 Months Salary Slip and Statement of Net worth.
  • Last 2 Yrs. Bank Account Statements.
  • 1 Guarantor required for loan amount up to Rs.15.00 Lakh, above Rs. 15.00 Lakh 2 Guarantors required with KYC and Statement of Net worth.
  • Dividend on linking Shares will be transferred in account as and when declared by the board.
  • Penal interest @2% extra will be charged in case of irregular A/cs.
  • Principal / Collateral Security must be covered by insurance.
  • Said Facility available for second hand Car up-to 3 Yrs. old. Margin at 40.00%, @ 9.50% (WEF 01-12-2018)

VVCC Bank| SMSBanking