We generally finance two wheelers; however we selectively finance three wheelers & four wheelers also.
2)
Do you finance used vehicles?
Yes. We finance used vehicles, not exceeding 50% of the market value of the vehicle.
3)
Do you quote on a flat rate basis or on diminishing balance basis?
We quote on a flat rate basis. Click here to go to the EMI calculator, where you can view the equivalent IRR for given rate of interest.
4)
Will you give me a copy of the agreement duly filled in for my records?
Yes.
5)
How much time do you take to sanction a loan?
Normally the approval is accorded in one working day on submission of all the required documents. To check the documents required Click here.
6)
Do you require a Co-hirer?
Yes normally we require a co-hirer.
7)
Do you finance all makes of two-wheelers?
Yes we finance all makes of two-wheelers which have a good resale value.
8)
Can I change dealers at any point of time?
Yes, provided payment has not been made.
9)
Can I pay EMIs by Cash?
Yes.
10)
Can I issue cheques drawn on banks where you don’t have branches?
No, we accept cheques drawn on banks where we have a branch / or where we have a cheque collection arrangement.
11)
Can I remit the installment in any branch?
Yes you can remit your installment in
any of our branches. Click here
to view list of our branches.
12)
What is the procedure in case I wish to foreclose my account?
Yes your can fore close the account whenever your wish. Please contact the Branch Manager. He will advise the settlement amount to be paid, on the remittance of the same the necessary termination paper would be issued.
13)
What should I do when my contract tenure gets over?
On payment of the last payment and any other dues as per agreement, the termination papers including the RTO related papers would be issued.
14)
What papers do I have to collect on termination?
The Hire purchase termination letter, Form 35 in duplicate, insurance endorsement cancellation letter.
