- WORKING HOURS : 10.00 AM TO 4.30 PM
- EMAIL:headoffice@sopankakabank.com
- PHONE :(020) 24444001/24444002
- Board Of Directors
- Annual Reports
- Form Center
- Interest Rate
- Unclaimed / Inoperative Accounts
- Board Of Directors
- DEAF Account
- Download
- Privacy Policy
- Customer Awareness
- EMI Calculator
- Holidays
- Gallery
- Award & Achievements
Vehicle Loan
We make sure that your dream car gets the maximum mileage with our competitive loan rates. So hop on for a smooth ride with this facility.
Purpose :
- For acquiring Own Vehicle (Four wheeler) – New or Old – *for personal / Partners / Director’s / Trustee’s use, & not for any Commercial use. [Undertaking to be furnished]
Eligibility
-
Individual/s, salaried employees, Businessmen, Self-employed, Professionals having regular source of income.
*Firm (Proprietary/Partnership), Pvt. / Public Ltd. Co. / Reg. Trust.
Maximum Limit :
- Minimum Rs.1,00,000/-
- New Vehicles: 100% on Basic Invoice Cost of Vehicles (excluding RTO, registration, tax & insurance)
- Pre-owned Vehicles (not older than 3 years):
- 80% of valuation or Agreement value whichever is less.
Securities:
- Hypothecation of the Vehicle financed. .
Margin :
- New Vehicles:
- NIL (RTO, Registration, Tax & Insurance to be borne by Applicant)
- Pre-owned Vehicles:
- @ 20% of valuation or Agreement value whichever is less.
Documents Required :
- Loan application.
- Residential proof of Applicant and sureties.
- Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and sureties other than salaried persons.
- Income Tax Returns of last three years of the Borrower(s) and the sureties.
- Quotation