Toll Free : 1800 233 7722    GST No. : 24AAAAT2885P2ZW

SPB Vehicle Loans

Purpose

  • Purchase of 2 Wheeler, 4 Wheeler for Personal use    
  • Purchase of 2nd hand 4 Wheeler for Personal use    
  • Purchase of Commercial Vehicle    

Eligibility    Individuals & Business Entity        

Features

  • Loan tenure upto 40 months        
  • Nominal Processing Charge        
  • No Hidden Charges        
  • No Pre-payment/fore-closure charges         
  • Easy Process        
  • Interest is charged on reducing balance on daily basis        
  • Maximum finance upto 85% of the cost of new Vehicle &        
  • Upto 75 % of the cost of Old Vehicle (Terms Apply)        
  • Age of Vehicle    Maximum Loan    
  • Upto 2 Years       75%    
  • 2 < 3 Years          50%    
  • 2 Guarantors, if Required        
Documents Required (Illustrative Only)
Salaried Proprietorship firm Partnership Firm Pvt. Ltd Co.
PAN, Election Card, Driving License    PAN of Firm and all Partners PAN of the Co. & all Directors
Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill Resi Proof of all partners Resi Proof of all Directors
Form 16, Last 3 Years ITR  (Computation of Income, P&L, Balance Sheet) for last 3 Years ITR  (Computation of Income, P&L, Balance Sheet) for last 3 Years of Firm and Partners ITR  for last 3 years of Co. & All Directors
Salary Slip of last 6 Months Proof of Business Existence
Last 6 Months Bank Statements Last 6 Months Bank Statements (self & Business)
 Sanction Letter & Loan Statements of Existing Loans (If any)
Any other document/certificates as required by Bank


Security

  • Hypothecation of Vehicle to be purchased    
  • Any additional security depending upon the case    

 


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