NAB Personal Banking

Purpose Purchase of 2/3/4/more Vehicle
Eligibility All subject to bank norms
Limit of loan 90% of Ex-Showroom Cost or 80% of On-Road Price; whichever Applied.
Basis of Advance Based on the repayment capacity based on income.
Repayment Period Maximum 84 months.
Rate of Interest

Up to 36 Months 11%

Above 36 Months 11.50%

Processing fees As per policy of the Bank from time to time
Shareholding/ Membership Contribution As per Bank's Norms.
Security Mortgage / Hypothecation of vehicle.
Guarantors Two guarantors as acceptable to the Bank. ( with good net worth)
Documentation
BMCB Checklist for Loan
Applicant Documents
Loan Application Form
3 Sets of KYC of Proprietor / All Partners / All Directors with Originals for Banker Signature
ITR, SOI, BS, PL, Auditor Report, if any singed by Borrower and Verified by CA Certified for last 3 years
CIBIL Report
Application for Membership with Share Certificate as per Internal Norms
Municipal Tax Bill of Applicant property
 
Guarantor Documents
3 Sets of KYC of Guarantors with Originals for Banker Signature
ITR, SOI, BS, PL, Auditor Report, if any singed by Guarantor and Verified by CA Certified for last 3 years
Whether Total Net Worth of Borrowers & guarantors is > 100% of loan Proposed?
CIBIL Report of the Firm / Company
CIBIL Report of all Concerned Persons
Application for Membership with Share Certificate as per Internal Norms
Municipal Tax Bill of Guarantor property

Apply here