In case of collateral i.e. land/ land & building available not being available: up to 70% of tax invoice value of financing Rickshaw.
In case of additional collateral i.e. land/ land & building available: 90% of tax invoice value of financing Rickshaw.
Concession of interest by 1% may be provided to Dalit, Mukta Kamaiya, Haliya, Badi, single women, differently abled people, conflict victim, earthquake victims, senior citizen, low cast and marginalized people than published rate.
Copy of Citizenship certificate of borrower/guarantor(s).
Properly filled loan application form as prescribed by Bank.
Security documents such as credit facility offer letter, promissory note, loan deed, personal guarantee, and hire purchase agreement as prescribed by Bank.
Registration charge on Rickshaw financed under this product.
Comprehensive Insurance policy in favor of Bank.
Corporate and Buyback agreement of Supplier/Dealer as far as practicable in case of additional securities in form of land and building.
Copy of Land Ownership Registration Certificate (Lalpurja) Land Revenue paid receipt, four boundary certificate, blue print and trace map.
Registration mortgage of additional security in form of land and building.
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