Dormant Account
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
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% | - | |