IJSBANK

KAIJS LONS

Pushpak Vehicle Loan

Purchase a New or Second Hand Vehicle for your family or for your business

  • 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.
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