Vehicle Loan

Sharad Sahakari Bank Ltd., Manchar Offers New Vehicle scheme with attractive interest rate.
- 90% finance No Loan Limit.
- 100% fiance including 100% on road price adding accessories.
- Easy & Quick loan.
- Simple documentation.

Documentation

- Identity, Address proof & income papers of Borrower and both Guarantors.
- Quotation of Authorized Dealer.

Rate Of Interest

Loan Scheme Loan Amount If CIBIL Score is 750 and above Rate of Interest Rate of Interest
Two wheeler loan Below 4 lakh 8.50% 9.50%
Three wheeler and Four wheeler loan Below 20 lakh 8.75% 9.75%
Three wheeler and Four wheeler loan Above 20 lakh
(Collateral required)
9.50% 10.50%
Commercial Vehicle loan( New/Old) All loan amount (Above 20 lakh Collateral required) 9.75% 10.75%
Machinery loan Movable Machinery (Excavator,Poke lane, Harvester, Rode Roller etc.) Below 25lakh (Above 5 lakh Collateral required) 10.50% 11.50%
Above 25 lakh (Collateral required) 11.00%
(Credit rating not Applicable )
12.00%
(Credit rating not Applicable )
About Collateral Security required for Personal and Commercial Vehicle loan If CIBIL Score is 700 and below No Collateral Security required below 20.00 lakh
If CIBIL Score is 701 to 750 If CIBIL Score is 751 and above
No Collateral Security required below 30.00 lakh But Collateral Security required Above 30.00 lakh
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