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11:57:29:PM, Thursday,16-September-2021

The Gurdaspur Central Cooperative Bank Ltd.          First, Third and Fifth saturday of every month will be full working day i.e from 10 AM to 5 PM          IFS CODE: UTIB0SGDS01          Bank has become live on E-Commerce and PoS transactions.         

Vehicle Loans > Second Hand Vehicle Loan

 

Area of Operation -  Loan shall be advanced in the area operation in the Gurdaspur district. 

 

Beneficiary

Individual, Sole Prop., Professional and Partnership Firm.

Purpose

For the purchase of second hand vehicle. The Second hand vehicle should  not be more than  4 years old.

Loan Limit

Maximum amount up to RS. 5.00 Lakhs or 75% of cost of vehicle or 1.5 times of income whichever is less.

Rate of Intt.

12.50%

Repayment Period

Maximum 5 years

Collateral Security

Two Good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle.

 

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