Vehicle Loan

Purpose of Loan

This Loan is provided for purchase of new 2 Wheelers, 3 Wheelers & 4 Wheelers Vehicle. The sanctioned Vehicle should be hipothicated to Society along with RC Book & one duplicate key.

Documents to be Submitted for Loan

  • Proforma Invoice of vehicle
  • 2 Surities of Society Members
  • DL of Purchaser
  • Address Proof
  • Pan Card for 4 Wheelers
Type of Vehicle Duration (Years) Rate of Interest (%) Per Annum Maximum Loan Provided
Purchase 2, 3 & 4 Wheelers 5 Years /
60 (months)
14% PA 70% on vehicles Basic price or Rs. 10 Lakhs which ever is less