Vyapari Sahakari Bank Maryadit, Solapur

Our Bank never asks for confidential information such as PIN and OTP from customers. Please don’t share personal information.

Commercial Vehicle Loan

We provide Vehicle Loan for purchase of Two & Four Wheeler.

Prerequisite Rules
Loan Limit Loan AmountUpto80% Quotation of Vehicle.
Repayment Period for 60 to 84 Months.
Pre-Payment Penlty Nil
Interest Attractive rate of Interest.
Margin 20% on Road Price after deducting Accessories amount.
Rate of Calculation Interest calculation on daily reducing balance.
Purpose Purchase of New Commercial Wheeler.
Security New Vehicle to be purchased.
Guarantors Min Two Guarantors is required.
Shares Contribution Shares @ 2.5% of Sanction Limit.
Charges Applicable as per chart CERSAI, Franking Charges, ROC, Search &Notary charges as applicable
Processing Fess As per rate chart of Bank + applicable G.S.T
Eligibility All Businessman.
Documents Required
  • Loan application
  • PAN Card, Address Proof, latest Photograph, of the Applicant and Guarantors.(KYC of Borrower & Guarantors)
  • Quotation of Vehicle.
  • In case of Businessman :
  • Proof of Business ( Shop Act, Food & Drugs License etc. as per applicability)
  • Last 3 years ITR, P& L A/c , Balance sheet (Audited)
  • Last 6 months bank statement of business.
  • In case of Businessman
  • Proof of Business ( Shop Act, Food & Drugs License etc. as per applicability)
  • Last 3 years ITR, P& L A/c , Balance sheet (Audited)
  • Last 6 months bank statement of business
  • Insurance : Insurance cover of Vehicle as per bank’s policy.
  • Any other documents as required by the bank at later stage.
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    *Conditions Apply. *For More details Please Contact Nearest Branch