Lending Services

 
 

Three Wheelers Loan

    For the purchase of new and used  Three Wheelers of all manufacturers.

Eligibility

    • Borrower and Co-borrower should have been a resident of that area at least for two years.
    • Borrower and Co-borrower should be a domicile of the same area.
    • Cash generation potential from the vehicle should be at least 1.25 times of the installment
      Payable after meeting all operational expenses.
    • Guarantor should be known to the Borrower and should not  be a relative. 
    • Knowledge of running vehicles for commercial use.

    Purpose

    For the purchase of new and used  Three Wheelers of all manufacturers.

Documentation

    Mandatory documents

    • Proof of residence for both Borrower and  Co-borrower is mandator

    • -Ration card or Passport copy or Voter's ID or Gas Connection


    • Photo graph of Borrower and Guarantor is mandatory

    Optional documents

    • Last 6 months bank statement, if any
    • Contract copies, if any
    • Repayment track, if any
    • Property deed copy, if any
    • RC book photocopies for vehicles owned, if any

    Firms

    • Partnership Deed and authorization letter for partnership firms.
    • Registration Certificate
    1. Memorandum and Articles of Association
    2. Board Resolution – Certified True Copy



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