Shopin

TAXI- AUTO & SCHOOL VANS LOANS

  • PURPOSE ELIGIBILITY
    • 90% of On road Price (The price includes show room price, painting, CNG Kit, CNG Cylinder, Carrier, Front Guard, speed governor, Meter, One time Tax, Insurance and registration Charge included in the company’s Invoice.)
    • Permit should be in the name of the applicant for plying the vehicle as a public carrier. In case of widow license of permanent nature, the person who drives the Taxi/Auto shall be made co- Borrower.
    • Applicant should have accommodation in his own name or in the name of the family members, be it on rental (Pagadi) in chawl, or ownership or collector’s land and photo pass in their name. Leave & License Residence is not allowed.
    REPAYMENT

    84 months.

    RATE OF INTEREST Click Here



    Margin

    10%

    MEMBERSHIP

    Applicant - Regular Membership.
    Sureties - Nominal Membership

    SURETIES

    One Surety with net Income/Salary above Rs.12,000/-.
    Surety may be either Auto or Taxi Owners or Salaried.

    PRIME SEC.

    HP & Insurance of Vehicle financed by us.

    SERVICE CHARGES

    1.15% of sanctioned amount + applicable GST .

    SHARE LINKAGE

    2.5% of sanctioned amount

    DOCUMENTS REQUIRED
    • To submit document for compliance of KYC Norms like copies of proof of residence,
    • PAN Card,
    • Driving License, batch, permit copy
    • Letter from Auto-Taxi Union,
    • 2 Photographs etc.
    • Latest IT Return copy. In case not available, then submit Declaration of income.

    Account to be opened at our bank.

    OTHERS

    We also finance for CNG / LPG conversion:

    Taxi : Max. Rs. 0.50 lakh (Hyp. Of Taxi)
    Auto Rickshaw : Max. Rs. 0.25 lakh (Hyp. Of A / R)