The Sangamner Merchant's Co-operative Bank Limited
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Vehicle loan
TYPE
Two Wheelar
Four Wheelar
Commercial vehicle
JCB, POCKLAND, ANY OTHER INSTRUMENTAL VEHICLE
Purpose of loan
Purchase of New Vehicle
IPurchase of New Vehicle
Purchase of New Vehicle
Purchase of New Vehicle
Age Limit
Minimum 18 Years and 60 Years
Minimum 18 Years and 60 Years
Minimum 18 Years and 60 Years
Minimum 18 Years and 60 Years
Rate of Interest
Bank Finance
75% of Basic Vehicle cost + RTO Charges
75% of Basic Vehicle cost + RTO Charges
75% of Basic Vehicle cost + RTO Charges
75% of Basic Vehicle cost + RTO Charges
Margin
25% Basic Vehicle Price + RTO charges + other cost
25% Basic Vehicle Price + RTO charges + other cost
25% Basic Vehicle Price + RTO charges + other cost
25% Basic Vehicle Price + RTO charges + other cost
Limit of loan
1. Maximum Rs. 1.00 lakh
1. Maximum Rs. 25.00 lakh
1. Maximum Rs. 25.00 lakh
1. Maximum Rs. 25.00 lakh
Eligibility Criteria
1.Salaried Employees/ Businessmen /Professionals having a regular source of income
1.Salaried Employees/ Businessmen /Professionals having a regular source of income
1.Businessmen /Professionals having a regular source of income
1.Businessmen /Professionals having a regular source of income
Repayment period
Maximum 3 years for salaried class/Businessmen/Professionals.
Maximum 5 years for salaried class/Businessmen/Professionals.
Maximum 5 -7 years for Businessmen / Professionals.
Maximum 5 -7 years for Businessmen / Professionals.
Process fee
0.30% + service tax as applicable from time to time, (subject to a Maximum of Rs.1,500/- + ST
0.30% + service tax as applicable from time to time, (subject to a Maximum of Rs.20,000/- + ST
0.30% + service tax as applicable from time to time, (subject to a Maximum of Rs.20,000/- + ST
0.30% + service tax as applicable from time to time, (subject to a Maximum of Rs.20,000/- + ST
Security related information
Hypothication of Vehicle
Hypothication of Vehicle
Hypothication of Vehicle
Hypothication of Vehicle
Collateral Security
NOT TAKEN FOR TWO WHEELAR LOAN
Registered Mortgage of roperty 15 lakhs and above case
Registered Mortgage of roperty 15 lakhs and above case
Registered Mortgage of roperty 15 lakhs and above case
Legal & Documentation Charges
LOAN AGGREEMENT AND RTO FORM 26,28,29,30,34 SING BY BORROWAR
LOAN AGGREEMENT AND RTO FORM 26,28,29,30,34 SING BY BORROWAR
LOAN AGGREEMENT AND RTO FORM 26,28,29,30,34 SING BY BORROWAR
LOAN AGGREEMENT AND RTO FORM 26,28,29,30,34 SING BY BORROWAR
Document required
1. Duly filled and sing by prescribed application form Borrowar, Gaurantor.
2. Latest 2 Photograph, KYC : Photo Identity Proof, Residence proof of the Borrowar, Co Borrowar and Guarantors
3. Salaried: salary slip for last 3 months and bank statement for last 12 months, ITR or form 16 last Two years
4. Businessman: Both Borrowar and Guarantor last 3 years CA Certified profit & loss and balance sheet, ITR copies, Tax Audit Report (If Require) 12 months bank accounts statement.
