Purpose
- For purchase of any new commercial vehicles such as trucks, buses, other utility vehicles
- For purchase of any Road transport equipment such as dumpers, pay loaders, bulldozers, paver etc.
- For purchase of second hand four wheeler ( not more than –3years )
Eligibility
- All Individuals holding valid driving license to drive Heavy Vehicles and established in his line of activity at least for a period of not less than-2- years.
- The firm, LLP, Company should have established since last -2years and profit making.
Documents
- For All Individual, Partner or Directors
- Proof of Identity (Any one):- PAN/ Passport/ Driver’s License/ Voter ID card
- Proof of Residence Address (Any one):- Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Gas Bill or copy of Aadhaar Card / Passport/ Driving License
- 2 passport-size photographs
- All KYC documents, address proof, pass port size photographs etc.
- IT returns of last -2- years, Financial statement of the last -2years.
- Copy of Registration /License (in case of individual loanee) /Govt. approval required to pursue the contract/profession/business activities.
- Last 6 to 12 months statement of accounts of Main Bank account in case main account is not with the Branch
- Quotation from the Authorised dealer of the Company for the proposed vehicle to be financed.
- For second hand vehicles a valuation report from Automobile Engineer or approved Garage to be obtained along with agreement to sale and copy of RTO certificate/Smart card, copy of insurance policy.