| SMLL MOTOR LOAN |
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| What is SMLL Motor Loan ? |
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A loan facility up to Rs. 750,000/= |
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This loan facility is only available for registered vehicles. |
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| Features: |
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Within 24 hours hassle free |
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VAT is not
applicable on loan installments |
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VAT is not applicable on early settlement |
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Insurance premium is lesser relative to the premium applicable on a comparable lease |
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Tax benefits |
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Less documentation |
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Up to 48 months repayment period |
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| How much can you get ? |
| Upto 70% of the valuation of the vehicle |
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| Security? |
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Two Personal Guarantors |
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Mortgage over the vehicle to be executed |
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| Requested Documents for processing of applications |
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Copy of the National Identity card |
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Letter from employer confirming Salary |
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Salary slips for the last two months |
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Bank account statements for last 3 months |
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For companies, copies of Business Registration Certificate and Form 48 |
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