Vengara Service Co-operative Bank

Vehicle Loan

Title	Norms
Purpose	Acquiring Travel/Carriage vehicles including two wheeler for personal use and business use.
Eligibility	A Class Membership
Limit of Loan	Rs.10,00,000/-
Security	Personal Surety : Maximum Rs. 50,000 Employee Surety : Maximum Rs. 1,00,000 Property : Maximum Rs. 40,00,000
Repayment Period	Maximum - 120 Months
Repayment Mode	Monthly
Rate of Interest	10.00 % - 11.50 % Penal Interest: 2% extra for default amount
Documents Required	Quotation from dealer and Property Documents.