Shrimant Malojiraje Sahakari Bank Ltd.

Vehicle Loan

Purpose	Purchase a Two wheeler vehicle Purchase a Four wheeler vehicle
Who can Benefit this Loan	Any Account Holder who is salaried employee / Businessman / Professional with repaying capacity
Loan Amount	For Non Commercial Vehicle 75% of basic Value.
Margin	New Vehicle 25% of Eligible Amount.
Period of Loan	New Vehicle – Maximum 60 month
Mode of Repayment	By EMI at monthly rest.
Security	RC /smart card of Vehicle Additional Collateral Security ( If required )
Guarantors	Two solvent acceptable guarantors
Documents	Loan Application form Quotation of Vehicle KYC Document of borrower Income proof for last three years if businessman / current 3 months’ payslips if salary earner, IT return last 3 year Driving License, RC Book Documents Related with Vehicle Fitness Certificate in case of Old Vehicle For Commercial Vehicle letter from expected business
Positive points	No Prepayment charges No Pre Closure Charges Quick Disbursement No Guarantor required

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