Advantage For Car Loan
- Interest Application on a DAILY REDUCING BALANCE and not on a monthly reducing balance.
- ON ROAD cost Finance Available (Cost of Car + Octroi Charges + RTO Charges + Insurance Charges + Accessories Costs All incuded in loan amount)
- Flexiblility of Clubbing Family Income for Loan Eligibily.
- We offer 0.50% extra Interest Rate to Senior Citizens (Age 60 or above) on fixed deposits.
- No processing charge upto 25/- lacs and above 25/- Lacs 0.25% of sanctioned limit
- Flexibility of making payment more than EMI.
- No Pre-Payment Charges.
- No hidden cost or administrative charges.
- Processing Time : 1 to 2 days (after receipt of all the papers).
- Easy and hassle free processing.
- Completely transparent system & procedure.
- Age : 21 - 70 Years
- Margin : 20%
- Repayment : Maximum up to 7 years
Term & Conditions
- List of Document Required (From the Applicant)
- One Passport size photograph (kindly affix the photo and sign across).
- I.D. proof : Copy of Passport/PAN Card/Driving Licence/Election Card/Employers I.D.Card etc.
- Residence Proof : Copy of Electricity Bill/House Tax Bill/Residence Telephone Bill.
- Business Proof : Copy of Telephone Bill/Electricity Bill/Certificate of Sales Tax/Office / Shop Property Bill Lease Deed / Certificate of incoporation etc.)
- For Salaried Persons : Income Tax Return & Form 16 for Last 3 Year, Salary Slip for last 3 Months, Bank Statement for Last 6 Months
- For Businessmen : Income Tax Return with Computation of income & Balance Sheet for last 3 Years, Bank Account Statement for last 6 Months(Main Business A/c)
- Quotation from the Dealer in original (With Signature of Customer)
- Stamp Duty 0.25% of Loan Amount Plus Personal Guarantee of Rs. 100/-
- ECS Mandate.
- Margin Money Recepit
- Self Attestation on all Xerox Copies.