NKGSB was established by a great visionary Sheth Shantaram Mangesh Kulkarni on 26th September, 1917. Over the years, the Bank has consistently shown healthy growth both quantitatively and qualitatively. The Bank has not only grown in size of deposits and advances, but has multiplied its net worth making the institution financially sound and fundamentally strong.
The bank offers vehicle loan to its customers with attractive interest rates that is charged on daily reducing basis. The loan is offered at very low processing fees, Speedy loan approval and also offers insurance cover for all assets at attractive premium unlike other personal loan.
Purpose – Purchase of new or second-hand vehicle
Eligibility – Salaried or Professional or Businessmen
Quantum of loan – up to 90 % of the value for New Vehicle and up to 70 % of the resale value and Max upto 3 yrs of usage for Used Vehicle
Documentation – In addition to the basic documents the borrower will have to produce documents such as proforma Invoice of an authorised dealer, proof of margin money.
Security – Hypothecation of vehicle to be financed
Surety – 2 Guarantor’s
Repayment – Up to 5 years
Repayment options – ECS/ Post dated cheque