Vehicle loans
Vehicle Loans
A consumer borrows money to pay for a car through a car loan, sometimes referred to as an auto loan or an automotive loan. A loan is typically a sum of money that is given to a person, business, or other entity. The person who lends the money is referred to as the lender, and the person who borrows it is referred to as the borrower.
Vehicle loan interest rate:
Starting from With the down payment of 15% we provide Home loan for a repayment tenure upto ….
Types of Vehicle Loan:
- New Car Loan
- Used Car Loan
- A Loan against Car
Required Document
- Aadhaar Card Xerox
- Voting Card Xerox
- PAN Card Xerox
- Light Bill Xerox
- Ration Card Xerox
- Photo 4
- Vehicle key
- Vehicle Quotation
- Verify signature
- Driving License
- Bank Passbook Xerox (Nationalized Bank)
- Encumbrance the name of the institution on the RC book and insurance receipt
Guarantor 2
- Aadhaar Card Xerox
- Voting Card Xerox
- PAN Card Xerox
- Light Bill Xerox
- Ration Card Xerox
- Photo 1
Note :- Borrower and both guarantors must have membership and income proofs of the organization
10% reduction in loan amount
Interest Rate :- 15 %
Rate of interest on arrears :- 2 %
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