HP Commercial Vehicle

Hire Purchase Commercial Vehicle Loan Details

Category	Details
Purpose	To purchase brand new or second hand vehicle / official equipment for commercial purpose.
Interest Rate	Base Rate + up to 5% premium
Service Charge	0.75-1.00 %
CIC Charge	Rs. 250 per inquiry (For No Transaction Report) Rs. 550 per inquiry (For Transaction Report)
Required Documents	Passport size photographs and Citizenship certificate of Applicant (Proprietor/Partner/Shareholders) 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 last two years audited financials & three years projection reports. In case of New vehicle: Quotation from the authorized vehicle dealer In case of used vehicles: Full valuation report of the proposed vehicle from our authorized valuator/ Mechanical Engineer Land/Building related documents (Malpot Receipt (Tiro Tireko Rasid), Four Boundary Certificate (Char Killa) etc.) Photographs of land and building offered security