The Union Co-operative Bank Ltd.

Purpose	To Purchase New Vehicle - For personal use (Loans Sanctioned From 01/04/2024)
Car Loan	Margin 15% To 30% (Basic Cost of Vehicle+ R.T.O.+GST+Insurance) Interest Rate 9% Duration 60 Months
Two Wheeler	Margin 10% (Basic Cost of Vehicle+ R.T.O.+GST) Interest Rate 12% Duration 48 Months
Purpose:	To Purchase Commercial Margin 20% (Basic Cost of Vehicle+ R.T.O.+GST) Interest Rate 10% Duration 48 Months
Purpose:	To Purchase Old Vehicle Margin – 40% of Valuation Interest Rate 13% Duration 36 Months
Note:	For Purchase of Old Vehicle Only -Car and Commercial Vehicle must not be more than 5 years old

Documentation For Applicant :

(1) Passport Size Photos
(2) Photo ID - Pancard / I-Card (Ele. Card / Driving Licence / Passport / Aadhar Card)
(3) Date of Birth proof
(4) Applicant’s Income Proof :
(i) If employed, salary slip of last month and copy of Form-16, IT Return and Statement of Total Income
(ii) In case of a Firm/Co.
Copy of Partnership Deed (in case of partnership firm)
Copy of Income Tax Return and Statement of Total Income
Firm’s Last 3 Years’ Trading A/C, Profit & Loss A/C and Balance Sheet
(5) If maintaining account with other bank then copy of bank statement and details of loan availed, if any
(6) Property Documents : City Surveyor’s Certificate / 7/12 Copy / Certificate Given by the Society / Tax Bill
(7) Quotation or Valuation Report approved by Bank's Valuer

Documentation For Guarantor :

(1) Passport Size Photos
(2) Photo ID - Pancard / I-Card (Ele. Card / Driving Licence / Passport / Aadhar Card)
(3) Date of Birth proof
(4) Income Proof :
(i) If employed, salary slip of last month and copy of Form-16, IT Return and Statement of Total Income
(ii) In case of a Firm/Co.
Copy of Partnership Deed (in case of partnership firm)
Copy of Income Tax Return and Statement of Total Income
Firm’s Last 2 Year's Trading A/C, Profit & Loss A/C and Balance Sheet
(5) Property Documents : City Surveyor’s Certificate / 7/12 Copy / Certificate Given by the Society / Tax Bill

Note : Certified / Self Attested copies should be attached with this application form

Please Note that this list is Indicative. The Bank may ask for further Document If Necessary.

Vehicle Loan