Sanmitra Sahakari Bank Ltd. offers a "Car Finance Yojana" to help customers purchase new or used vehicles. The bank offers two specific schemes under this category:
- Sanmitra Car Finance Yojana (Personal): This scheme is for individuals who wish to purchase a car for personal use.
- Sanmitra Car Finance Yojana (Commercial): This scheme is likely for individuals or businesses that need a vehicle for commercial or business purposes.
While the exact details, such as interest rates, loan tenure, and eligibility criteria, are not publicly listed in a consolidated document, here's what can be inferred from the available information:
Key Features (Based on general bank practices and available data):
- Loan Availability: The scheme is available for both new and existing customers of the bank.
- Purpose: The loans are designed to finance the purchase of new or pre-owned cars.
- Repayment: The loan is repaid in equated monthly installments (EMIs).
Documents Required (Likely to be similar to general vehicle loan requirements):
- Duly filled loan application form.
- Photographs of the applicant and guarantors.
- Identity and address proof (Aadhaar card, PAN card, voter ID, electricity bill, etc.).
- Income proof (salary slips for salaried employees, and income tax returns/financial statements for businessmen).
- Bank statements.
- Quotation or proforma invoice from the authorized dealer.
- Other relevant documents as per bank requirements.
For the most accurate and up-to-date information on the Sanmitra Sahakari Bank Ltd. Car Finance Yojana, including current interest rates, processing fees, loan amount, and detailed eligibility criteria, it is highly recommended to:
- Visit the official website of Sanmitra Sahakari Bank Ltd.
- Contact your nearest Sanmitra Sahakari Bank branch directly.
- Call their customer care number.
