{"id":61,"date":"2015-04-18T13:57:01","date_gmt":"2015-04-18T13:57:01","guid":{"rendered":"https:\/\/mapusaurbanbank.com\/?page_id=61"},"modified":"2015-04-18T13:57:01","modified_gmt":"2015-04-18T13:57:01","slug":"vehicle-loans","status":"publish","type":"page","link":"https:\/\/mapusaurbanbank.com\/?page_id=61","title":{"rendered":"Vehicle Loans"},"content":{"rendered":"<div style=\"float:left\">\n<h2>\nVehicle Loans w.e.f. 16.11.2011<br \/>\n<\/h2>\n<h4 align=\"left\">Eligibility:<\/h4>\n<ol>\n<li> Salaried individual in permanent employment.<\/li>\n<li>Professional and self employed person, businessman.<\/li>\n<\/ol>\n<h4 align=\"left\">Margin:<\/h4>\n<p align=\"left\">25% of quotation price from dealer (For New vehicle)<\/p>\n<p>50% for Second Hand Vehicle \u2013 (Not more than 5 years)\n<\/p><\/div>\n<div style=\"float:left; color:#000; background-color:#fcb07d; width:90%\">\n<div style=\"margin-left:10px\">\n<h4 align=\"left\">&nbsp;Rate of Interest:<\/h4>\n<ol>\n<li>\nCar Loan<\/p>\n<ul>\n<li>Upto Rs. 5 lakhs \u2013 (Maximum 5 years): 12.50%<\/li>\n<li>Above Rs. 5 lakhs &#8211; (Maximum 5 years): 13.00%<\/li>\n<\/ul>\n<\/li>\n<li>\nSecond Hand Vehicle<\/p>\n<ul>\n<li>Model Not More Than 5 Years: 15.00%<\/li>\n<\/ul>\n<\/li>\n<li>\nTwo Wheelers (Maximum 5 Years): 13.00%\n<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<div style=\"float:left\">\n<h4 align=\"left\">Repayment Period:<\/h4>\n<p align=\"left\">New Vehicle \u2013 5 years to 7 years<\/p>\n<p>Second Hand Vehicle \u2013 5 years<\/p>\n<p>No Pre-payment charges<\/p>\n<h4 align=\"left\">Security:<\/h4>\n<p align=\"left\">Hypothecation of vehicle purchased.<\/p>\n<p>Two Guarantors\n<\/p><\/div>\n<div style=\"float:left; color:#000; background-color:#fcb07d; width:90%\">\n<div style=\"margin-left:10px\">\n<h4 style=\"color:#000\">&nbsp;Documents Required:<\/h4>\n<ol>\n<li>\nProof of Residence and photographs.\n<\/li>\n<li>\nSalary Certificate of Applicant and sureties with photographs.\n<\/li>\n<li>\nLatest Audited Statement of Account\/Income Tax Return\n<\/li>\n<li>\nValuation Report from Bank\u2019s Approved Valuer (for second hand vehicle).\n<\/li>\n<li>\nQuotation from Dealer.\n<\/li>\n<li>\nBank\u2019s charge to be registered with R.T.O.\n<\/li>\n<li>\nBlank Forms No. 29, 30, 35 in duplicate issued by R. T. O.\n<\/li>\n<\/ol>\n<p><em>Please contact our nearest Branch for detail information and requirement.<\/em>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vehicle Loans w.e.f. 16.11.2011 Eligibility: Salaried individual in permanent employment. Professional and self employed person, businessman. Margin: 25% of quotation price from dealer (For New vehicle) 50% for Second Hand Vehicle \u2013 (Not more than 5 years) &nbsp;Rate of Interest: Car Loan Upto Rs. 5 lakhs \u2013 (Maximum 5 years): 12.50% Above Rs. 5 lakhs &#8211; (Maximum 5 years): 13.00%<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/mapusaurbanbank.com\/index.php?rest_route=\/wp\/v2\/pages\/61"}],"collection":[{"href":"https:\/\/mapusaurbanbank.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mapusaurbanbank.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mapusaurbanbank.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mapusaurbanbank.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61"}],"version-history":[{"count":1,"href":"https:\/\/mapusaurbanbank.com\/index.php?rest_route=\/wp\/v2\/pages\/61\/revisions"}],"predecessor-version":[{"id":62,"href":"https:\/\/mapusaurbanbank.com\/index.php?rest_route=\/wp\/v2\/pages\/61\/revisions\/62"}],"wp:attachment":[{"href":"https:\/\/mapusaurbanbank.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}