Nanded
ho@bhagyalakshmibank.com
Mon to Sat
10.30 am to 2.30 pm
3.00 pm to 5.30 pm
Holiday on 2nd and 4th Saturday and every Sunday bank is closed
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Vehicle Loan
Drive your dreams with Bhagyalakshmi Mahila Sahakari Bank’s Vehicle Loan. Designed to make owning a vehicle easier and more affordable, our Vehicle Loan offers competitive rates and flexible terms to fit your needs.
Applicant:
- Any individual (single/jointly), firm, or legal entity.
Purpose:
- For the purchase of a new or old vehicle (not more than 5 years old).
Loan Amount:
- As per demand. (Ex-showroom price, RTO amount, and accessories are included).
Rate of Interest:
- 10.00% for loans up to Rs.50 lakh.
- 10.00% for loans above Rs.50.01 lakh
Repayment:
- Up to 36 months.
Security:
- Hypothecation of the vehicle.
- Two guarantors.
- If the loan amount exceeds Rs.25 lakh, immovable security must be provided.
Processing Fee:
- 1.5% of the loan amount.
Share Holding:
- 2.50% of the loan amount.
Documents:
- Duly filled Loan Application Form.
- Pro-forma Invoice from the authorized dealer.
- For other required documents, please contact your nearest branch.
Insurance:
- Insurance of the property charged to the bank.
Loan Type | Rate of Interest | Takeover and if Renewal rating A grade | |
Loans sanctioned upto Rs.50 Lakh. | - | ||
Loans sanctioned above Rs.50.01 Lakh | 10.00% | - | |
Loans sanctioned above Rs.25.00 Lakh | 10.00% | - | |