Our hire purchase loan has been especially designed with attractive features, simple documentation process, flexibility and speedy delivery to suit our customers’ needs. Under this scheme, we offer loans for purchase of new/used vehicles or for commercial vehicle financing.
Financing available for all Kind of new and Recondition vehicles.
- Financing up to 65% of distress value for Private Vehicles.
- Financing up to 70% of distress value for Public Vehicles.
- Loan tenure of maximum 7 years.
- Processing fees of 2%.
- Loan Application
- Citizenship of borrower
- Family details of borrower
- Bluebook of vehicle
- Driving License
- Monthly income source with supporting documents
- Vehicle Invoice (Quotation / Valuation report)
- In case of business Vehicle (Route permit)
- Other documents based on requirement
- Rate of interest 12.00% to 16.50%