Product Features
- Loan for two wheeler
- New Vehicle Loan amount ranging upto Rs. 1.5 Lakhs.
- Convenient loan repayment tenure from 24 to 60 months
- LTV upto 75% of the value of the New Vehicle (includes Ex-Showroom Price + applicable taxes + Insurance)
- New Vehicle loans at attractive fixed rates of interest available
Elligibility & Loan Criteria
- Applicant’s age should be minimum 21 years and maximum 65 years at loan maturity (maximum 60 years for Govt. employees.)
- Guarantee of two persons required
- Minimum one landline contact at residence or office and a post-paid mobile connection required
- No collateral for GOVT. employees & Proffessionals
List of Documents Required
- PAN Card – For Individual / Partnership Firm
- Identity Proof – Any one (e.g. Voter ID / Driving License / Passport / Aadhar Card)
- Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
- Business Continuity Proof – Any one document dated 3 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
- Passport Size Photographs of all applicants & co-applicants
VEHICLE DOCUMENTS
- Pro-forma Invoice of the Vehicle
- Margin money receipt from the dealer
- RTO set
List of Financial Documents Required
Download Documents
FOR SALARIED INDIVIDUALS
- Latest 6 salary slips (Or Salary Certificate on original letterhead with deductions and salary components.)
- Latest 3 form 16s (Duly signed by the authorized signatory of the company) OR Latest 3 years IT Return
- Bank statements from the borrower’s primary account/s for last 12 months
FOR SELF-EMPLOYED INDIVIDUALS / SOLE PROPRIETORSHIPS
- Latest audited ITR and financials for the last 3 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
- Bank statements from the borrower’s main account/s for last 12 months
FOR SELF-EMPLOYED PROFESSIONALS
- Latest audited ITR and financials for the last 3 years (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
- Bank statements from the borrower’s main account/s for last 12 months
- Professional qualification certificate and Degree certificate OR Final year mark sheet. (Doctors, Architects, Chartered Accountants etc.)