Vehicle Loan

Vehicle Loan

At Ahmednagar Merchant's Co-op Bank Ltd, we got you covered with this as well. Your automobile purchase could save you time, bring you comfort and make you punctual. We value these things over money. And hence we provide a vehicle at 13.00% interest.

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Documents Requirement for Loan Proposal

Common document's for application:
  • Loan Application
  • Original Quotation with Dealer bank account details
  • Advance Booking Receipt
  • Business / Registered Office Address Proof
  • Shop Act / SSI Registration & Udyam Regi. Certificate
  • GST Certificate
  • Other Business related Licences
  • CIBIL report & No Dues Certificate
  • Our bank account details
  • Rent Receipt with agreement (if applicable)
  • Other Bank Loan details with sanction letter & latest 6 month Account Statement ( if applicable)
If applicant is Partnership Firm :
  • Partnership Deed with Registration copy
  • Firm Pan Card
  • Latest Firm 2 year Financial statement with schedules
  • Latest Firm 2 year ITR
  • Photo, Pan Card & Aadhar Card of all Partners
  • Partners latest 2 year ITR with Computation of Income
  • Note:

  • Security will be required for all loans (any above value should equal to principal approval )
  • Property valuation and search report will be taken after principal approval.
If applicant is Proprietorship Firm :
  • Photo , Pan Card & Aadhar Card
  • Latest 2 year Financial statement with schedules
  • Latest 2 year ITR With Computation of Income
If application is Pvt.Ltd. or Ltd. Company
  • Company Pan Card
  • Article of Association & Memorandum of Association
  • ROC Registration Certificate
  • All Directors list with Phone No & Address
  • Board Resolution for loan requirement
  • Latest company 2 year Financial statement with schedule
  • 2 year Company ITR
  • Photo, Pan Card & Aadhar of all Directors
  • All directors latest 2 year ITR with Computation of Income
  • All Directors Net Worth Certificate
Document's of two Guarantor
  • Photo , Pan Card & Aadhar Card
  • Business Address Proof
  • Shop Act/SSI Regi. & Udyam Regi. Certificate
  • Latest 2 year Financial statement with schedule
  • Latest 2 year ITR With Computation of Income
  • Form no. 16 with latest 3 month pay slip (if applicable)

Financial papers should be attested by CA / Tax Consultants & all other papers should be self attested *