Own your dream vehicle with the Vehicle Loan facility from Valmiki Urban Co-Op Bank Ltd. Whether you are planning to purchase a new or used vehicle for personal or commercial use, our vehicle loan offers quick processing, flexible repayment options, and attractive interest rates to help you move forward with confidence.
Loan Features & Benefits
- Finance available for new and old vehicles
- Loans for:
- Two Wheelers
- Three Wheelers
- Four Wheelers
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Competitive interest rates
- Flexible repayment options
- No pre-closure charges
- Simple documentation process
Loan Details
- Loan Amount: 1. New Vehicle loan Amount 85% of Quotation
2. Old Vehicle loan Amount 60% of Quotation
- Interest Rate: Starting from 11.50%
- Security: Hypothecation of the financed vehicle and any other Security.
- Guarantors: Two creditworthy guarantors required
- Processing Fee: As per interest rate chart display on Website.
Eligibility
- Salaried Individuals
- Business Owners
- Self-employed Professionals
- Transport Operators
Documents Required
- Vehicle quotation
- Aadhaar Card / PAN Card
- Address proof
- Income proof of applicant and guarantors
- Bank statements
- Salary certificate or Income Tax Returns
- Passport-size photographs
- Residential proof
Apply Today
Visit your nearest branch of Valmiki Urban Co-Op Bank Ltd and get the right financial support to bring home your desired vehicle.
