For purchase of new and old two wheeler vehicle not more than 3 years old from manufacturing date.
80% of Cost of new vehicle inclusive of registration and Insurance charges or applied Amount. In case of resale vehicle, 50% of Valuation price or 75% agreement value which over is low.
Salaried Person-Employee of reputed organization with confirmed service/Businessman- Sole Proprietor/Partnership Firm/Pvt. Ltd/Public Ltd. Company/Professional/Self Employed person/Partner/Director etc.
20% to 50%.
Regular Member of Bank.
Maximum 60 months in case of new Vehicle and 36 months to old Vehicle.
Minimum two sureties maximum depends on merit of proposal
Hypothecation of concerned two wheeler.l
As per Bank Policy.
Are applicable from time to time.
Self certified KYC documents, Existing Bankers Statement for last one year Original Pay slips for last consecutive three months/Salary Certificate, form No-16 And/or IT Returns with computation of income and Financial statements for last three consecutive years. In case of Businessman/Self employed/Proprietor/Partner/ Director/Professional IT Returns are compulsory along with other necessary documents roforma Invoice of authorized dealer/Vehicle Purchase letter or agreement in case of old vehicle, Margin Money paid receipts and any other documents required on case to case basis