Car Loan @07.75% (WEF 01-09-2020)
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%, @ 9.00% (WEF 26-06-2020)