12-Dec-2024   
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Vehicle Loan
PURPOSE

    Now you can fulfill your dreams of owning a vehicle by availing Dhanvantari Vehicle Loan.

  • Purchase of vehicle for personal use.
  • Purchase of vehicle for Transport/Travelling buisness
ELIGIBILITY
  • Indian citizen above 18 years.
  • Any professionals / self employed.
  • Well salaried persons.
  • Contact our nearest branch for further details.
MAXIMUM AMOUNT
  • New vehicle – upto 75 % of quotation amount.
  • Old vehicle ( maximum 3 years old ) - upto 50% of valuation amount.
REPAYMENT
  • For new vehicle -Upto 84 installments [ maximum ].
  • For old vehicle- Upto 36 installments [maximum].
  • Flexible methods of repayment
RATE OF INTEREST
Interest @ 8.75 % p.a. (for personal vehicle) and 11 % p.a.(for commercial vehicle) are being calculated on basis of Reducing Loan amount.
SURETIES/SECURITY
Owned vehicle.
INSURANCE
Vehicle insurance is compulsory for the valuation of the vehicle.
DOCUMENTS REQUIRED FOR VEHICLE LOAN
  • Application form for vehicle loan.
  • Two guaranters (under the terms and condition).
  • Colour photographs, address proof (identity card, pan card, aadhar card, ration card etc.)
  • Introduction by Director or Staff.
  • Registration certificate/ buisness proof/ buisness license
  • Income tax returns, B/S, P&L of previous three years/ salary slips or income proof/saral form/ form 16.
  • Original purchase document of vehicle.
  • Valuation fees, C.A. fees, advocate fees(as per terms and conditions)
DOCUMENTS REQUIRED GUARANTOR
  • Colour photographs, address proof (identity card, pan card, aadhar card, ration card etc.)
  • Income tax returns, B/S, P&L of previous three years/ salary slips or income proof/saral form/ form 16.