Vehicle Loan

Who Can Apply

  • When the borrower applies for the loan whether the application made is in the boundary line of the organisation, taking the proper help of documents provided by the organisation.
  • Whether necessary documents are attached or not.
  • Beyond that the important thing is the eligibility of the borrower to refund the loan. According to Maharashtra State Co-operative Credit Society Act 2002 the borrower is required to be the member of the organisation.
  • Under this scheme a firm can give loan up to 70% loan out of the original price of the vehicle.

Documents Required

If Applicant is employee.

  • Savings Account in Mahesh Nagari at least from 6 months and 3 Photos.
  • If the borrower has day other borrowing in any other Banks then this NOC (No Obligatory Certificate and borrowing aim proof).
  • Xerox copy of Applicant and guarantor’s Aadhaar card / Pan Card / rationing card/ voters ID/ Light Bill/ Telephone Bill/ Driving licence.
  • Applicants Bank statement (for last 1 year).
  • Applicant’s original LIC policy and receipt of Last instalment.
  • Applicant’s undertaking (as per given format).
  • H.P.Form, Quotation, & R.T.O.Tax Receipt.
  • Post-dated Cheques.
  • Last 3 three months’ salary slip (original) with the sign on Account department and salary certificate.

And If applicant is businessman.

  • Savings Account in Mahesh Nagari at least from 6 months and 3 Photos.
  • If the borrower has day other borrowing in any other Banks then this NOC (No Obligatory Certificate and borrowing aim proof).
  • Xerox copy of Applicant and guarantor’s Aadhaar card / Pan Card / rationing card/ voters ID/ Light Bill/ Telephone Bill/ Driving licence.
  • Applicants Bank statement (for last 1 year).
  • PAN/ TAN, GIR number-Xerox copy along with original for verification.
  • Applicant’s original LIC policy and receipt of Last instalment.
  • Nature of business, source of income, annual turnover, net worth, net profit (as per latest balance sheet).
  • Last 3 years IT Returns
  • H.P.Form, Quotation, & R.T.O.Tax Receipt.
  • Post-dated Cheques.
  • Shop-act Licence.
  • Stock statements.
  • Original documents (RC/TC) of vehicle and form 34 from RTO.

(*Condition Apply)

Get Started Simple & Securely

Just 3 step away

  • 1. Fill the online form. Apply Now
  • 2. Fill in the mandatory details, & click Submit
  • 3. Our representative will get in touch with you

    Connect US