Banks offer a wide range of lending services to people, companies, and other entities. Usually, the goal of these services is to assist clients in meeting their financial obligations, such as buying homes, funding their schooling, or growing their enterprises.
| Criteria | Policy |
| Purpose | For Purchase of New Vehicle |
| Area of Operation | Applicant should be a permanent resident of the Medak District more particularly within the Jurisdiction of the Bank Branch |
| Age | 21-65 Years |
| Valuation | Valuation per One acre is Rs.1,60,000/- taken into consideration for calculation |
| Loan limit | Maximum UP to 10.00lakhs(Ten Lakhs Only) |
| Repayment Period | shall be recovered in monthly/quarterly equated installments depending on the applicant’s repayment capacity. |
| Security | security should be mortgaged by way of simple mortgage in favor of the financing Bank at the cost of the borrower |
| Documents required | 1.Quotation/Estimation from the authorized dealer. |
| 2. Post dated cheques for repayment of monthly installments | |
| 3. Bank account statement for the last Six months. | |
| 4. KYC documents etc |
** For any further queries please contact to nearest branch
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