Saraspur Nagarik Co.Operative Bank Ltd.
 
ESTD. 1968
 
આપણી "સરસ" સહકારી બૅંક
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Auto Loan
Auto Loan is available for purchase of two wheelers, four wheelers and for Commercial vehicles and also for purchase of two years old car with good condition.
Applicant details
Applicant’s last two years Income tax Return / Payslip of last 3 months / Notarized income certificate for joint family.
Last tax bill / certificate from society chairman/Secretary if applicant owned property
3 Photographs of Applicant
Address proof – electric bill /telephone bill (any one) As per KYC norms
Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms
Bank Statement of last 2 years
Quotation of vehicle
Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
Guarantor details
Photograph-two copies
Last tax bill
Last income tax return copy
Address proof – electric bill /telephone bill (any one)
Photo proof – Pan card / Voter card / Driving license (Any one)
Conditions
Bank will give loan up to 80% of quotation
For old car, applicant has to submit valuation report. Bank will give loan up to 60% of the valuation report.
One guarantor is required for loan up to Rs. 15 lacs and Two guarantors are required for loan above Rs. 15 lacs.
Applicant has to take insurance of full value of vehicle in favour of bank.
The Loan for two wheelers will be repaid with interest in 36 equal monthly instalments.
The Loan for four wheelers and Commercial vehicles with be repaid with interest in 60 equal monthly instalments.
Applicant have to pay margin amount to the bank. Bank will issue Banker cheque of full amount in the name of dealer.
Applicant have to submit Xerox copy of invoice, receipt, insurance policy, RTO book showing Bank's lien recorded with RTO.
Applicant has to take share @ 2.50% of the limit.
The processing charges will be levied on saction.
->For two wheelers -Rs.100/-
->For car loan -Rs.1500/-
->For Com. vehicle -Rs.2000/-
->For old car -Rs.1000/-
   
Personal Loan
Auto Loan
Housing Loan
Doctors Loan
Consumer Durable Loan
Education Loan
Machinery Term Loan
Business Building Purchase Loan
Hypothecation of stock / Book Debts
Business Mortgage overdraft/ Loan
 
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