आईबी वाहन ऋण

Indian Bank is offering Vehicle Loan for purchase of New Car, New Two Wheeler and Used Car at a competitive rate of interest with the following features:

Eligible Customers:

New Vehicle: Loan amount is calculated based on On-Road Price

Used Vehicle: Loan amount is calculated based on Agreed Purchase Price or Valuation of vehicle/price quoted by authorised dealer whichever is lower.

Income Criteria:

Type of Occupation	New Car	New 2 Wheeler	Used Car	Maximum Eligibility
Salaried person	Net Salary of Rs.25000	Net Salary of Rs.10000	Net Salary of Rs.20000	Maximum 48 times of Gross monthly salary.
Pensioner	Monthly Pension of Rs.20000	Monthly Pension of Rs.10000	Monthly Pension of Rs.20000	Maximum 36 times of Gross monthly pension.
Professional & Self Employed / Businessmen	Net Annual Income of Rs. 3.00 lakhs above as per latest ITR	Net Annual Income of Rs. 1.50 lakhs above as per latest ITR	Net Annual Income of Rs. 3.00 lakhs above as per latest ITR	Maximum of 3 times of average Net annual income for the last two years as per latest ITR
Firms & Companies	Should have generated Net Profit during last two years.	NA	Should have generated Net Profit during last two years.

Security:

Hypothecation of Vehicle purchased out of the loan amount
For loans above Rs.25 lakhs, for portion beyond Rs.25 lakhs, 100% collateral security in the form of immovable properties/NSC/Fixed Deposits/Surrender Value of LIC Policies
However, irrespective of loan limit, Tangible security/Guarantee may be insisted based on the risk perception of the individual proposal

Charges/Fees:

· Above Rs.10 lakhs: Rs.300 per lakh subject to maximum of ₹30000

Documents Required:

Completed Application Form with passport size photograph
Proof of Identity such as PAN Card / Voter’s ID/Passport/Driving License
Proof of residence such as Recent Telephone Bill / Electricity Bill / Property Tax Receipt / Passport / Voter’s ID.
Proof of business address in respect of businessmen / industrialists.
Proof of Employment.
Salary Certificate
Proof of other income like rent, interest on investment, if any
Balance Sheet for the past three financial years in the case of Professionals, Businessmen & Self employed
Income Tax / Wealth Tax (if applicable) Returns for the past 3 years
Statement of Bank Account or copy of Bank Passbook for 6 months
Copy of Driving License
Quotation for Vehicle to be purchased from the authorized dealer

( अंतिम संशोधन Apr 20, 2024 at 05:04:55 PM )