Sardar Vallabhbhai Sahakari Bank Limited is a Co-operative Bank that got the License No. DBOD-UBD-GJ-351P from Reserve Bank of India’s on 21/11/1983. The Bank then spread its network with 4 branches in Ahmadabad City and 1 branch at Unjha (Mehsana District). The Bank is providing Safe Deposit Vault (Locker) facility at its Law Garden and Isanpur Branch. All branches of the Bank are fully computerized since 1998 and now connected with Core Banking System since May 2009. The bank offers home loans, personal loans, car loans, gold loans, education loan, consumer loans etc.
Purpose: The loan is offered for purchase new or second hand vehicle; the bank offers Vehicle Loan for Two wheeler, three wheeler, four wheeler and commercial vehicles
Quantum of Loan: The bank offers 85% amount of quotation of vehicle for New Vehicle and 50% of valuation amount of second hand vehicle
Rate of Interest:
|a) Four wheel – New|
|up to 36 months||11%|
|36 months to 60 months||11.25%|
|b) Four Wheel – Second – Private|
|above 24 months||12.50%|
|c) Three wheel / Four wheel – commercial|
|up to 48 months||12%|
|48 months to 60 months||12.50%|
Repayment: maximum 36 months
Initial Requirements: Copy of Income Tax Returns of Individual for last 3 Years; Valid Address Proof of the person wants Vehicle loan; Latest quotation of the vehicle; Bank Statement of individual & firm in case of self-employed for last six months.
Latest Salary Slip which show Net Pay after all deduction for salaried; Passport size photographs for all; Customer has to submit original Bill, Receipt, RTO Book with hypothecation mark of the Bank, Insurance Policy in favor of Bank.