VEHICAL LOAN : @ 9.50%

UPTO 20 LAKHS

Scooter / Motorcycle Loan : @ 9.50%

ADVANTAGE OF CAR LOAN
  • Interest Application on a DAILY REDUCING BALANCE and not on a monthly reducing balance.
  • ON ROAD cost Finance Available (Cost of Car + Octroi Charges + RTO Charges + Insurance Charges + Accessories Costs All incuded in loan amount)
  • Flexiblility of Clubbing Family Income for Loan Eligibily.
  • No Pre-Payment Charges.
  • No hidden cost or administrative charges.
  • Processing Time : 1 to 2 days (after receipt of all the papers)
  • Easy and hassle free processing.
  • Completely transparent system & procedure.
Otehr Detail:
  • List of Document Required (From the Applicant)
  • One Passport size photograph (kindly affix the photo and sign across)
  • I.D. proof : Copy of Passport/PAN Card/Driving Licence/Election Card/Employers I.D.Card etc.
  • Residence Proof : Copy of Electricity Bill/House Tax Bill/Residence Telephone Bill.
  • Business Proof : Copy of Telephone Bill/Electricity Bill/Certificate of Sales Tax/Office / Shop Property Bill Lease Deed / Certificate of incoporation etc.
  • For Salaried Persons : Income Tax Return & Form 16 for Last 3 Year, Salary Slip for last 3 Months, Bank Statement for Last 6 Months
  • For Businessmen : Income Tax Return with Computation of income & Balance Sheet for last 3 Years, Bank Account Statement for last 6 Months(Main Business A/c)
  • Stamp Duty 0.25% of Loan Amount Plus Personal Guarantee of Rs. 100/-
  • ECS Mandate.
  • Margin Money Recepit
  • Self Attestation on all Xerox Copies.
List of Document Required (From the Guarantor):
  • One Passport size photograph (kindly affix the photo and sign across)
  • I.D. proof – Copy of Passport/PAN Card/Driving Licence/Election Card/Employers I.D.Card etc.
  • Residence Proof – Copy of Electricity Bill/House Tax Bill/Residence Telephone Bill.
  • Business Proof – Copy of Telephone Bill/Electricity Bill/Certificate of Sales Tax/Office / Shop Property Bill Lease Deed / Certificate of incoporation etc.
  • For Salaried Persons – Income Tax Return & Form 16 for Last 3 Year, Salary Slip for last 3 Months, Bank Statement for Last 6 Months
  • For Businessmen – Income Tax Return with Computation of income & Balance Sheet for last 3 Years, Bank Account Statement for last 6 Months(Main Business A/c)

Alavi Co-operative Bank Limited was established on 1st October 1958 popularly known as Alavi Bank, Started his banking activity under the leadership of Mulla Mohammadali Mulla Shaikhali Kachwala with one single branch situated at Wadi Chokhandi, Vadodara.

(Alavi Co-operative Bank Limited is registered with DICGC)

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