A Vehicle Loan at Gozaria Nagarik Sahkari Bank Ltd. provides quick and easy financing for those looking to purchase a new car, tractor, or commercial vehicle. The bank offers competitive rates and a high funding margin to make vehicle ownership affordable.
SIGNIFICANT FEATURES:
For the purchase of new vehicle 90 % of value (on road) of vehicle is sanctioned (max).
- 100% collateral or 50% Liquid Security is required.
- Existing Customer (Borrower) can avail maximum 25% of existing limit as Car Loan. Kindly approach branch.
- Rate 8.50%
OTHER REQUIREMENT:
- Quotation of Vehicle.
- One Person for Guarantor of Bank Member.
- Source of Income applicant & guarantor both.
- Additional Security i.e. Land/Building /F.D./NSC/L.I.C. Policy.
- 22% Margin Money Have to Deposit in Bank.
- After sanction of loan Applicant must submit.
- Agreement of Hypothecation of Vehicle.
- Security Deposit or Rs. 1000/- for 2 Wheeler.
- Security Deposit or Rs. 3000/- for 3 Wheeler.
- Security Deposit or Rs. 5000/- for 4 Wheeler.
- Security Deposit Will refundable after submit a bill of vehicle, HPA and Other Document produced by lone.
- Forms like T.O., T.T.O., H.P.A.
- C.R.L.D, H.P.A. Form, AND E.Form.
- Latter of Guarantee From Company.
