Four Wheelers
Interest Rates
| Finance Ratio | Upto 80% of Product | Upto 70% of Product | Upto 60% of Product | Upto 50% of Product | Upto 40% of Product | |||||
| Loan Tenure | Upto 7 Years | Upto 5 Years | Upto 7 Years | Upto 5 Years | Upto 7 Years | Upto 5 Years | Upto 7 Years | Upto 5 Years | Upto 7 Years | Upto 5 Years |
| Interest Rate | 13.50% | 12.25% | 13.00% | 12.00% | 12.25% | 11.75% | 12.00% | 11.25% | 11.50% | 11.00% |
Eligibility
- Applicants or co-applicants must be at least 18 years old at the loan's inception, and the maximum allowable age at the loan's maturity is 65 years.
- Individuals with a sufficient income level capable of repaying EMIs.
Required documents
- Citizenship [Applicant & Personal Guarantor]
- PP Size Photographs - 2 Pcs [Applicant & Personal Guarantor]
- Valid Driving License
- Income Proof Documents
- Residence Proof Documents [Electric bill / Tax Clearance of Land & Building]
- Location Map [Residence & Office]
Additional documents required incase of business
- Firm/ Company Registration Certificate
- PAN/VAT Certificate
- Tax Clearance & Balance Sheet [last 2 Years]
- Article of Association (AOA) & Memorandum of Association (MOA)
- Partnership Deed
- Hire Purchase Loan Request Letter
- Board Minute Decision
- Bank Account Statement [at least 6 Months]
- Citizenship of company owner’s
- CIC Report [Company & Shareholders]
*The required documents may vary depending on the nature of the products or the business, but these are the fundamental documents needed.