Citizencredit Coop Bank Ltd Mumbai

Hii sir, I Wants to get the Information About the Vehicle Loan of the Citizencredit Coop Bank Ltd ?

[Arvind Kumar]

The Bombay Catholic Urban Co-operative Credit Society was formed with a mission to cater to the community's financial needs. From 1920 to 1984, the journey was long and arduous. But, the transition to a Bank was a dream come true.

As you Asking for the Information About the Vehicle Loan of the Citizencredit Coop Bank Ltd is given below

Eligibility
Salaried Individuals in permanent employment
Professionals & self-employed persons

Sanction Limit
85% of the on road cost as per Proforma Invoice of the vehicle
50% of approved valuer’s value of 2nd hand vehicle
Repayable on an EMI Basis

Repayment period
New Vehicle - 4 years to 5 years
(depending on loan amount)
Old Vehicle - 3 years
No pre-payment penalty

Security
Hypothecation of vehicle purchased
Minimum One Guarantor

Documents Required
Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill
Proof of Income - Latest Salary Slip or last 3 years Balance Sheet or Income Tax Returns
Proforma invoice (for new vehicle)
Valuation Certificate from Bank's approved valuer (for 2nd hand vehicle)
Comprehensive Insurance with Bank clause
Bank’s charge to be registered with RTO
Blank Transfer Forms