VEHICLE LOAN
For purchase of Two/ Three/ Four Wheeler Vehicle for the purpose of Personal/Business use.
70% of Invoice value, Rate of Interest: 15% - 17% ( On Actual Diminishing Balance)
Period : 3 years
Share Linkage - 2.5% of Sanctioned Amount and
Guarantor – Minimum 10 Shares
AP Governmet stamp duty 0.5% for loan Rs one lack and above
Processing Fees - 1% of loan amount + service tax
Last 3 years Certified I T Returns or Latest Salary Slip
Address and ID proof and 3 photos of Borrower and Guarantor
Advance Repayment accepted.
Personnel Guarantee – One Person
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