car loan

Criteria Policy
Purpose For puchase of New Cars
Area of Operation Applicant should be a permanent resident of the Medak District more particularly within the Jurisdiction of the Bank Branch
Age 21-65 Years
Valuation  Valuation per One acre  is Rs.1,60,000/- taken into consideration for calculation
Loan limit Maximum UP to 10.00lakhs(Ten Lakhs Only)
Repayment Period  shall be recovered in monthly/quarterly equated installments  depending on the applicant’s repayment capacity.
Security  security should be mortgaged by way of simple mortgage in favor of the financing Bank at the cost of the borrower
Documents required 1.Quotation/Estimation  from the authorized dealer.
2. Post dated cheques for repayment of monthly installments
3. Bank account statement for the last Six months.
4. KYC documents etc

** For any further queries please contact to nearest branch