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Hire Purchase Loan – (Two, Three, Four wheeler)


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Whether big or small, Get funding for new vehicles – Two, Three, Four wheeler vehicles

Easily get finance for your HP Loan with quick turn-around time and simple documentation process

Documents Required


FOR THE APPLICANT AND BOTH THE GUARANTORS

SALARIED PERSONBUSINESS PERSON
1. PHOTO1. PHOTO
2. PAN CARD2. PAN CARD
3. PHOTO ID PROOF3. PHOTO ID PROOF
4. RATION CARD OR ADDRESS PROOF4. RATION CARD OR ADDRESS PROOF
5. LATEST SALARY SLIP (FOR 3 MONTHS)5. RENEWED COPY OF SHOP ACT LICENSE
6. PASS BOOK XEROX OR STATEMENT OF SALARY ACCOUNT6. BALANCE SHEET AND PROFIT & LOSS ACCOUNT (3 YEARS)
7. QUOTATION OF THE VEHICLE7. COPY OF SARAL/ RETURN FILED IN INCOME TAX DEPT (3 YEARS)
8. RTO APPROVED DULY EXECUTED TTO SET 8. COPY OF ACCOUNT STATEMENT WITH OTHER BANKS (IF ANY)
9. ORIGINAL RECEIPT OF THE BOOKING AMOUNT PAID 9. QUOTATION OF THE VEHICLE
10. RTO APPROVED DULY EXECUTED TTO SET
11. ORIGINAL RECEIPT OF THE BOOKING AMOUNT PAID


DOCUMENTS REQUIREMENT AFTER ISSUING DEMAND DRAFT FOR PURCHASE OF THE VEHICLE

FOR RCTC
1. ORIGINAL RECEIPT OF THE TOTAL AMOUNT PAID FOR THE VEHICLE PURCHASED
2. COPY OF INVOICE OF THE VEHICLE PURCHASED
3. COPY OF INSURANCE OF THE VEHICLE PURCHASED
4. COPY OF RCTC BOOK WITH BANKS LIEN ON IT

Interest Rate

 

Attractive interest rates on HIRE PURCHASE Loan

 

Type of credit facilityRate of interest
Hire purchase loanContact nearest branch
NOTE:

*Specific interest rate applicable to a customer would be dependent on segment, asset category and location

Features

 

Over the years we have won the trust of our customers and have become market leader in loan products.

 

  • Faster loans sanctioning
  • A variety of loans to both salaried and self-employed individuals
  • High amounts loans sanctioned*
  • Competitive interest rates
  • Easy documentation
  • Best in class customer service
  • Competitive rate of interest