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Vehicle Loan
For Purchase of New/ Second – hand Four Wheeler and New Two Wheeler.
Maximum loan amount of New Vehicle -> 90% of cost.
  Secondhand Vehicle -> 50% of value
Easy Repayment Period up to 60 months.

  • Purpose
  • Eligibility
  • Quantum Of Finance
  • Security
  • Repayment
  • Documents


  Purchase of Car/Two Wheeler for personal/commercial use.

* Terms and conditions apply 


  Individuals / Firms / Companies


90 % of on-road cost of New Vehicle subject to
For Salaried Persons - 20 * Average monthly Net Take home pay after deduction of Existing loans EMI
For Other than Salaried Persons - 24 * Average monthly Net Take home pay after deduction of Existing loans EMI
 Share Subscription As Applicable.


 Hypothecation of Vehicle purchased (Registration of Bank's charge with R.T.O.)
 Share Subscription As Applicable.

  Guarantors : One competent guarantor acceptable to the Bank (Spouse Guarantee is acceptable)

 

 For Two Wheeler and Second hand vehicle -> 36 months
 For New Four Wheeler–> 60 months

For ROI please contact nearest branch

 

Loan Application Form in prescribed format.
One passport size photograph (KYC Documents).
Address Proof
Identity Proof
Salary/Income details
Net worth forms
Proforma Invoice of Authorised Dealer
Any other documents required by the Bank.



Regd. Off :

Vivek Darshan, 140, Sindhi Society, Chembur, Mumbai - 400 071. India.
Tel: 91-22-2522 2582 | Fax: 91-22-2523 0266 | E-mail: jksbl@jksbl.com

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