- 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.
RATE OF INTEREST Click Here
Applicant - Regular Membership.
Sureties - Nominal Membership
One Surety with net Income/Salary above Rs.12,000/-.
Surety may be either Auto or Taxi Owners or Salaried.
HP & Insurance of Vehicle financed by us.
1.15% of sanctioned amount + applicable GST .
2.5% of sanctioned amount
- 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.
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)