Home > Vehicle loan to Government Employee
Now government employees have access to easy loans on attractive terms to buy their own four/two wheeler. This is an opportunity for them to make the life of their loved ones more comfortable.
Eligibility
Regular Government employee who completed one year of probation.
Quantum
Interest Rate
Tenure
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5 years
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Second hand vehicle – 3 years
Required Documents
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Vehicle Loan Application duly filled by the applicant
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Copy of CID of both the applicant and guarantor
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One recent Passport size photograph of the applicant
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Copy of the Quotation/Invoice for new vehicles from authorized vehicle dealers
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An irrevocable letter of authority from the applicant to his employer for deduction of monthly loan installment from salary
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An irrevocable letter of authority from the employer to deduct the monthly loan installment from salary of applicant and remit to bank
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Latest Pay Slip of the applicant(s) dully filled, signed and sealed by salary disbursing officer & recommendations