Loans - Suhana Safar Loan

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Suhana Safar Loan Scheme Help Line No(Toll Free). 1800 233 0011

Title	Description
Purpose	Purchase of New Four Wheeler. Used Four Wheeler (Car)(Vehicle should not be more than 5 years old)
Limit of loan:	75% of Ex-showroom cost for new vehicle.
Eligibility:	For salaried customer: Applicant should have permanent job in government, co-operative or in private sector Undertaking regarding deduction of installment from salary is required. Total deduction including installment of loan should not be more than 65% of monthly payment. Applicant should be income tax payee. (3years Income Tax return) For self employed Applicant should be income tax payee.(3years Income Tax return)
Rate Of Interest	10 %
Repayment Period	3 to 5 years
Security	Hypothecation of four wheeler to be purchased. Two guarantors.
Other Charges	Valuation fees-As applicable. Processing fee- Up to 50 laks 1% above 50 lakh 0.50%
Documents	Quotation from dealer. In case of salaried customers salary slip, IT returns with computation of income. Two guarantor (property holders, Income proof) In case of self employed last three years profit & loss A/c, balance sheet & IT returns. Photographs, identity proof, age proof, photo proof, residence proof of borrower & guarantor.(as per KYC norms) Own contribution (Margin money) receipts. Extract, building plan & permission, estimate, search report, Copies of original purchase deeds/extract etc.