Mahanagar Bank

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Vehicle Loan

You no longer have to wait to buy that dream ca. Whether it is a new car, a pre-owner car or even a loan against a car, we can offer you a car loan at attractive interest rates and flexible repayment tenures.

Who can apply

Professionals / Self Employed can avail of only car loans.
Salaried persons.
Business Men.

Purpose

Maximum Limit

Repayment

Securities

Documents Required

Loan application.
Residential proof of Applicant and sureties.

In case of New Vehicle

Proforma Invoice.
Quotation of Body Cabin.
Margin money challan.
Letter for transport company.
In case of old house valuation report is required.
Saving/Current Account Statement.
Proof of Occupation and Income.
Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and surities other than salaried persons.
In case of salaried persons pay slip of last three months.
Other certificates.
Any other document required by bank.

In case of old Vehicle

RC Book original.
Valuation Report.
Xerox copy of permit.
Xerox copy of insurance.
Tax book copy.
Fitness certificate copy
Account of Business.
Saving/Current Account Statement.
Proof of Occupation and Income.
Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and surities other than salaried persons.
In case of salaried persons pay slip of last three months.
Other.
Any other document required by bank.

INTEREST RATE

PROCEDURE

OTHER INFORMATION

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