AUTO LOAN

Criteria Policy
Purpose For purchase of AUTO
Area of Operation Applicant should be a permanent resident of the Branch Area
Age 21-65 Years
Valuation  100% of Sub Register Assessment Value
Loan limit UR TO 2 LAKHS
Eligibility  He should have valid driving license to drive four wheeler
KYC DOCUMENTATION
Repayment Period 3 YEARS
Security The security/property offered as security should be mortgaged by way of simple mortgage in favor of the financing Bank
Documents required Driving License
Quotation/Estimation for the proposed vehicle from the authorized dealer.
Post dated cheques for repayment of monthly installments
Bank account statement for the last Six months
In case of immovable property, Title Deed book