• 75% of Ex-showroom cost for new vehicle, 50% of cost (based on valuation) used vehicle
• Four wheeler vehicle should not be more than 5 years old.
• Loan amount depending upon repayment capacity of customer from a, & b whichever is lower.

1.  FOR SALARIED CUSTOMER :
   • Applicant should be confirmed employee.
   • Applicant should be employee of any government, semi-government, muncipal corporation, muncipal council, disctrict council, taluka council co-operative firm, private firm, company.
   • No any disciplinary action shall be taken against employee or he should not be a civil criminal.
   • Consent letter should be given regarding deduction of loan installment from salary & authority letter regarding retirement benefit to be taken on record.
   • Agreement monthly deduction from salary should not be more than 65% of monthly salary.

2. FOR SELF EMPLOYED :

   • Last three years balance sheet along with profit & loss account, latest copy of acknowledgement of income tax, computation of income statement, business registration papers.
   • Last three years income tax return copy / TDS certificate.

• For two wheelers Maximum 3 years
• For four wheelers Maximum 5/7 years

• Hypothecation of two wheeler / four wheeler to be purchased.
• Two guarantors

Pre Payment Charges: nil

• Pro form a invoice / Quotation from dealer, valuation for old vehicle.
• Photographs, identity proof, age proof, photo proof, residence proof of borrower & guarantor, license copy.
• Old Vehicle’s original copy of R.C.T.C. book, Tax book, Insurance policy, Invoice Etc.
• In case of salaried customers salary slip, IT returns with computation of income.
• In case of self employed profit & loss A/c, balance sheet & IT returns.
• Blank vehicle transfer form duly signed by applicant.