🚗 Vehicle Loan
Vehicle Loan is available for the purchase of two-wheelers and four-wheelers for Regular Member.
Applicant Details
- Rate of Interest – 7.90%
- Applicant must be a Member of Regular Member
- Guarantor – 2 (Salary Person)
- Membership – A Class with 5% shares of sanctioned amount.
- Security – Monthly Salary
Documents
- Application Form
- Photo Proof – Driving License / Election Card / Passport / Aadhaar Card
- Copy of PAN Card and Aadhaar Card
- Applicant And Guarantor Payment/Salary Slip.
- Applicant has to show all original documents to the bank for verification along with Xerox copies
Guarantor Details
- Salary Person Regular Member
- Guarantor must be a Regular Member
- Photo Proof – Driving License / Election Card / Passport / Aadhaar Card
- Address Proof – Electricity Bill / Telephone Bill (Any One)
- Copy of PAN Card
Terms and Conditions
- Bank will provide a loan of up to 80% of the quotation for the vehicle
- Vehicle Loan repayment period: 36 / 48 / 60 months with EMI
- Interest will be debited on a monthly basis
- Applicant must take insurance for the full value of the vehicle in favour of the bank
- Applicants must pay a margin amount to the bank. Bank will payment/issue a RTGS of the full amount in the dealer’s name
- Applicants must submit Xerox copies of invoice, receipt, insurance policy, and RTO book showing Bank’s lien recorded with RTO
- Processing charges are applicable as per bank rules
- Stamp charges are applicable as per Government of Maharashtra Stamp Department
Vehicle Loan Ahilyanagar Bank offers two-wheeler
and four-wheeler purchase loan at 7.90% interest
rate for Regular Members. Vehicle Loan Ahilyanagar
Bank provides repayment period of 36 to 60 months
EMI with up to 80% loan on vehicle quotation.
Apply for Vehicle Loan Ahilyanagar Bank today with
simple documentation including PAN Card, Aadhaar
Card and salary slip for Prathamik Shikshak members
of Ahilyanagar Zilla Prathamik Shikshak Sahakari
Bank Ltd.
Vehicle Loan Ahilyanagar BankVehicle Loan Ahilyanagar Bank
