Loans - Suhana Safar Loan

Suhana Safar Loan Scheme Help Line No(Toll Free). 1800 233 0011
TitleDescription
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 12 %
Repayment Period 3 to 5 years
Security
  1. Hypothecation of four wheeler to be purchased.
  2. Two guarantors.
Other Charges
  1. Valuation fees-As applicable.
  2. 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.
savali Home Loan