| Margin Money | |
| Four Wheeler: | 85% of Proforma Invoice |
| Two Wheeler: | 85% of Proforma Invoice |
| Three Wheeler: | 85% of Proforma Invoice |
| No. of EMIs: | 36 months to 60 months |
| (B.O.D. reserves right to change according to repayment capacity of applicant). | |
| Rate of Interest: | 10.00 % (Two Wheeler) |
| Rate of Interest: | 8.35% to 9.25% (Four Wheeler) |
| Rate of Interest: | 7.65% to 8.25% (Car Price Above 15 lakhs) |
| Guarantors: | Two guaranters (who holds property) |
Eligibility
1. Bank Can Finance up to 85 % of on Road Price of Quotation of Vehicle
(Excluding Accessories and HP Charges for New Vehicle)
2. Repayment Capacity ( Total Annual Income – Total Approx Annual Exp. – Total
Annual Loan Liabilities ( EMI*12) = Total Approx Annual Savings. (Finance up to 50 %
to 60 % on Total Approx Annual Savings)
Tenure: Two wheeler for three years
Four wheeler for five years
Processing Fees :-
A) Two Wheeler: Rs.500/-Fixed + GST
B) Four Wheeler: 0.15% Sanction Amount + GST on PF
4.Maximum Loan Amount & Margin: Individual housing loans up to a maximum of Rs.60 lacs per beneficiary of Dwelling unit. Subject to prudential exposure limits of RBI from time to time.
Period of Loans:
- Housing loan may be repayable within a maximum period of 20 yrs. Including Moratorium of repayment holiday.
- Processing Fees : – Processing Fees 0.50 % on Sanction Amount + GST on PF
- Moretorium: Home Loan for construction maximum 18 month and as per guideline of RBI from time to time.
- Till completion of consturction, or 18 months from the date of disbursement of first installment of the loan which ever is earlier.
Loans & Advances
- Housing Loan
- Personal Security Loan
- Vehicle Loan
- Commercial Vehicle Loan
- Used Vehicle Loan
- Traders(CC)/ Business(Wctl)
- OD Against Property
- Loan Against Property
- Loans against Fix Deposit
- OD Against Machinery Loan
- OD Against NSC/ KVP/ LP/ Policy/ IES of LIC
- Hypothecation Loan Against Machinery
- OD/Loan aginst Bank's own term Deposit Receipt
- OD Against Property/ Working Capital
- Loan Against Property for Commercial Property Purchase
Our Brochures
0261 2360433/34
Monday – Saturday: ex 2nd & 4th Sat
info@fincobank.com