| Product Name |
Hire Purchase Commercial Vehicle Loan |
| Purpose |
To purchase the brand new or second-hand vehicle/official equipment for the commercial purpose. |
| Interest Rate |
As per the published rate by the Bank |
| CIC Charge |
Rs. 250 per inquiry (For No Transaction Report) Rs. 550 per inquiry (For Transaction Report) |
| Document Required |
- Passport-size photographs and citizenship certificate of applicant (proprietor/partner/shareholder) with application
- Certified income source with tax clearance/tax paid receipt/TDS certificates, etc.
- Photographs and Citizenship Certificate of Guarantors
- Quotation of the proposed vehicle
- Firm/Partnership/Company/Institution registration documents
- PAN/VAT registration and all documents related to the organization with the last two years’ audited financials & three years’ projection reports.
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