You may be off lately thinking of owning a car or changing your vehicle or owning a commercial vehicle then we here at Shangri-La Development Bank is there to help you to make your dream come true.

This product can be availed for :

a	Purchasing of New Vehicles
b	Purchasing of Used Vehicles
c	Purchasing of Commercial Vehicles

Features:

a	Maximum of 80% of the value of the vehicle shall be provided as loan
b	Used vehicle shall be valuated by authorized valuator of the bank
c	Client should be at least of 21 years and should not be more than 60 years at the time of availing loan
d	Maximum tenure of loan shall be of 10 years
e	In some instance land and building shall be taken as extra collateral

Benefits:

a	Easy repayment plan matching with the income of the client
b	Personalized service
c	Quick processing and decision shall be obtained within 48 hours after complete submission of documents
d	Easy documentation

Documentation:

a	Passport size photograph (3 Copies) of Loan Applicant / (1 copy) of Guarantor
b	Photocopy of Citizenship of Applicant / Guarantor
c	Quotation of the new vehicle from authorized dealer
d	Valuation report of used vehicle from authorized valuator
e	Income certifying document (salary letter, balance sheet, rental agreement etc)
f	Firm / company registration and PAN in case of business entity
g	Partnership deed (for Partnership firm) / Board Resolution for Private / Public Company

Charges and Interest Rate

Please visit our nearest branch for further information and to learn about charges and interest rate