Vehicle Loan

• We may also finance for commercial vehicle, rate of interest will be charged @14%.
• Rate of interest for two wheeler loan will be @16% and for four wheeler rate of interest will be @ 12%.
• We may finance to service class employees, where I.T. returns are available and latest salary slip is available.
• Two wheeler/four wheeler loans can be sanctioned on the basis of repaying capacity of the borrower.
• We may also finance to the business class where earlier connection with our Society found i.e. Daily Deposit, SB, FD etc.
• We may finance if the borrower is our customer, integrity of the borrower is reported to be good, past track record of old loan is regular.
• Processing charges will be 1% of loan amount. For two wheeler Minimum Rs.500/-.