| 21st October 2016 10:21 AM | |
| shikha | Re: Punjab And Sind Bank Auto Loan Feel free I will get details of Punjab And Sind Bank, Auto Loan scheme so that you can go through it. Eligibility Individuals as well as business concerns(corporate or non-corporate) Quantum of Finance i) For Individuals & Proprietorship concerns: New Vehicles & Old Vehicles: No maximum ceiling on amount of loan. (Income of spouse / major son / parents can be clubbed subject to their becoming Co-borrower or guarantor in the loan). ii) For business concerns and Institutions (corporate or Non-corporate): New & Old Vehicles: a) For Repayment period up-to 3 years -:Twice the average annual cash accruals i.e. PAT+ Dep. as per the last year balance sheet, P&L account. b) For Repayment period above 3 years and up-to 5 years -:Thrice the average annual cash accruals i.e. PAT+ Dep. as per the last year balance sheet, P&L account. c) For Repayment period above 5 years and up-to 7 years -:Five times the average annual cash accruals i.e. PAT+ Dep. as per the last year balance sheet, P&L account. (3 year ITR also to be obtained). Margin i) For New vehicles -- 10% on, on-road price (excluding accessories and Ins.) ii)For old vehicles -- 25% Age for repayment Service class non pension : upto 60 years Service class with pension : upto 70 years Others : upto 70 years Guarantee 1. Individual / Proprietorship cases: a) Whereinstallment ispaidthrough deduction from salary/salary account: Guarantee may be waived. b) In other cases: Guarantee of Spouse/Major son/Third party may be obtained. 2. Partnership firms cases: No guarantee to be obtained as all the partners would execute the documents and would be liable jointly and severely. 3. Joint Stock Companies/ Trusts / Associations etc.: Personal guarantee of any Director/ Trustee / Member (other than those who is executing the documents). Address:- Punjab And Sind Bank 2nd floor, 21 Rajendra Place, New Delhi-110008 Phone:- 011-25719082 |
| 20th October 2016 06:37 PM | |
| Unregistered | Punjab And Sind Bank Auto Loan Will you please let me know more about Auto Loan scheme of Punjab And Sind Bank so that I can remember easily? |
