Gujarat has become an automobile hub of India. Many Car manufacturing units are establishing their units in Gujarat. Car Finance has become a lucrative business of banks. We are not lagging behind. Drop in at of our branches and avail car loan on easy terms. Wish you happy riding.
We offer easy car loans to both salaried and the self-employed.
Loan Amount :
80 % of Quotation of Vehicles (Basic price + Insurance + R.T.O. charges)
Margin : 20 % Quotation of Vehicles
Tenure : 84 Months
Share Linking : 1% of the loan amount sanctioned (Max. Rs. 25000/-)
Guarantee :
Relaxation in personal guarantee of third party based on CIBIL score.
Security : Hypothecation of Vehicles
Reimbursement of costs of Car purchased by own sources and transaction of purchase of Car is not older than -3- months.
Second Hand Car:
Valuation of second hand car is to be done by empanelled valuer and value shall not be less than Rs. 30.00 Lacs.
Margin on second hand car is 50% after fresh valuation by our empanelled valuer.
Individuals between -21- to -65- years of age
Permanent employees of central / State Government, Central / State Government Boards, Public Sector Undertakings, Public or Private Companies or reputed establishments.
For salaried customers other than above mentioned categories, regular employee with minimum -3- years of service.
Identity Proof : (any one) Copy of Passport / Aadhar Card / PAN Card / Voters ID Card / Driving Licence, etc.
Address Proof: (any one) Copy of Passport / Aadhar Card / Voters ID Card / Driving Licence, Ration Card / Telephone Bill / Electricity Bill / Life Insurance policy
Income Proof: Latest Salary slip with Form No. 16
Latest Income Tax Returns or Form 16 for -2- years. (It is not necessary to obtain both I. T. Return and Form No. 16 from the Applicant.)
Statement of Bank account of the Applicant for last -6- months
-2- Passport sized Photographs of the Applicant
Original Quotation in the name of applicant.
Original Advance payment receipt (Margin Money Receipt)
For Self Employed, Professionals, Businessmen, Industrialist, etc:
Address Proof: (any one) Copy of Passport / Aadhar Card / Voters ID Card / Driving Licence, Ration Card / Telephone Bill / Electricity Bill / Life Insurance policy
Income Proof: Latest Income Tax Returns for -2- years
Copy of Audited Balance Sheet and P & L statement for the last -2- years, Partnership Deed / Shop & Establishment Act certificate / Sales Tax certificate / MSME Registration certificate
Statement of Bank account of the Applicant for last -6- months
-2- Passport sized Photographs of the Applicant
For Guarantors: (Guarantors- If applicable based on CIBIL score)
Copy of PAN Card.
Copy of Address Proof.
2 Passport Size Photographs.
Last 2 years of IT Return with computation of total Income.
