Hypothecation Loan
VEHICLE / HYPOTHECATION LOAN :
HUBLI URBAN CO-OP BANK LTD., provide the best vehicle loan scheme for you.
HUBLI URBAN CO-OP BANK LTD., offers you:
- Longest repayment tenure (5 years);
- Lowest interest rate ;
- LTV 80% of 'On Ex-Showroom Price' of Vehicle
- No pre-payment penalty;
- Low processing fee.
Purpose
For purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs
Take over of existing loan from other Bank/Financial institution (Conditions apply).
Eligibility
To avail an HUBLI URBAN CO-OP BANK LTD., Vehicle Loan, you should be
- Member of the Bank.
- Individual between the age of 21-65 years of age.
- A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
- A Professionals or self-employed individual who is an income tax assessee or
- A Person engaged in agriculture and allied activities.
| Share linkage | 2.50% of sanction amount. |
Documents Required
You would need to submit the following documents along with the completed application form:
- 2 passport size photographs of borrower(s).
- A copy of passport /voters ID card/PAN card.
- Proof of residence.
- Latest salary-slip showing all deductions
- I.T. Returns/Form 16: 2 years for salaried employees and 3 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable to be submitted.
- Proof of official address for non-salaried individuals.
- Two sureties and collateral security.
Margin
20% of the on the Ex- Showroom price. (which excludes vehicle registration charges, insurance, one-time road tax and accessories).
Repayment
You can enjoy the longest repayment period in the industry with us as long as 60 months.
Security
As per Bank's extant instructions.
LOAN FOR 2ND HAND VEHICLES.
HUBLI URBAN CO-OP BANK LTD., provide the best vehicle loan scheme for you to take a loan for purchase of Certified Pre-owned vehicle, not more than 5 years old.
HUBLI URBAN CO-OP BANK LTD., offers you:
- Longest repayment tenure (5 years);
- Lower interest rates
- @ 50% of the valuation done by Bank's approved valuer (excludes registration, insurance and cost of accessories),
- Interest Calculated on Daily Reducing Balance;
- No pre-payment penalty;
- Low processing fee ;
The Scheme
Purpose
Term Loans for purchase of Certified Pre Owned Vehicles, from certified used vehicle dealers or Bank's approved valuers valuation is considered which is not more than five years old.
Eligibility
To avail an HUBLI URBAN CO-OP BANK LTD., Vehicle Loan, you should be:
- Should be Member of the Bank.
- Individual between the age of 21-65 years of age.
- A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
- A Professionals or self-employed individual who is an income tax assessee or
- A Person engaged in agriculture and allied activities.
- Share linkage 2.50% of sanction amount.
Documents Required
You would need to submit the following documents along with the completed application form:
- 2 passport size photographs of borrower(s).
- A copy of passport /voters ID card/PAN card.
- Proof of residence.
- Latest salary-slip showing all deductions
- I.T. Returns/Form 16: 2 years for salaried employees and 3 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable to be submitted.
- Proof of official address for non-salaried individuals.
- Two sureties and collateral security.
Margin
50% of the on the valuation done by Bank's approved valuer (which excludes vehicle registration charges, insurance, one-time road tax and accessories).
Repayment
You can enjoy the longest repayment period in the industry with us as long as 60 months.
Security
As per Bank's extant instructions.
2-WHEELER LOAN
HUBLI URBAN CO-OP BANK LTD., provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler.
HUBLI URBAN CO-OP BANK LTD., offers you:
- Lower interest rates.
- LTV 80% of ‘On Ex-showroom Price’ of vehicle;
- Low processing fee;
Share linkage 2.50% of sanction amount.
The Scheme
Purpose
To provide finance for purchase of new Two-wheelers viz. scooter/motor cycle/ moped/battery-operated vehicles.
Eligibility
To avail an HUBLI URBAN CO-OP BANK LTD., 2 Wheeler Loan, you should be :
- Individual between the age of 21-65 years of age.
- Should be Member of the Bank
- A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
- A Professionals or self-employed individual who is an income tax assessee or
- A Person engaged in agriculture and allied activities.
Documents Required
The following papers are to be submitted along with loan application:
- passport size photographs of borrower(s).
- A copy of passport /voters ID card/PAN card.
- Proof of residence.
- Latest salary-slip showing all deductions and TDS certificate-Form 16 in case of salaried persons
- Copy of Income Tax Return for last two financial years, duly acknowledged by ITO for professionals, self-employed and others.
- Proof of official address for non-salaried individuals.
- Two Sureties and collateral security.
Margin
20% of the on the price (which excludes vehicle registration charges, insurance, one-time road tax).
Repayment
You can repay the loan within 36 months.
Security
As per Bank's extant instructions.