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    Green Veh Onepager

    Uploaded by

    Rohith Rao
    This document provides information on Maha Super Green Car Loan, a loan product for purchasing electric vehicles. Some key details include: - Loan amount of up to 95% funding for existing housing loan borrowers and 90% for others. - Interest rates starting from 8.70% and linked to the borrower's CIBIL score. - Loan tenure of 84 months with no prepayment charges. - Minimum annual income requirements of Rs. 3 lakhs for salaried individuals and Rs. 4 lakhs for self-employed and businessmen. - Required documents include proof of identity, address, income sources, and vehicle purchase details.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Green Veh Onepager

    Uploaded by

    Rohith Rao
    40 views2 pages
    This document provides information on Maha Super Green Car Loan, a loan product for purchasing electric vehicles. Some key details include: - Loan amount of up to 95% funding for existing housing loan borrowers and 90% for others. - Interest rates starting from 8.70% and linked to the borrower's CIBIL score. - Loan tenure of 84 months with no prepayment charges. - Minimum annual income requirements of Rs. 3 lakhs for salaried individuals and Rs. 4 lakhs for self-employed and businessmen. - Required documents include proof of identity, address, income sources, and vehicle purchase details.

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    Green Veh onepager

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    This document provides information on Maha Super Green Car Loan, a loan product for purchasing electric vehicles. Some key details include: - Loan amount of up to 95% funding for existing housing loan borrowers and 90% for others. - Interest rates starting from 8.70% and linked to the borrower's CIBIL score. - Loan tenure of 84 months with no prepayment charges. - Minimum annual income requirements of Rs. 3 lakhs for salaried individuals and Rs. 4 lakhs for self-employed and businessmen. - Required documents include proof of identity, address, income sources, and vehicle purchase details.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    40 views2 pages

    Green Veh Onepager

    Uploaded by

    Rohith Rao
    This document provides information on Maha Super Green Car Loan, a loan product for purchasing electric vehicles. Some key details include: - Loan amount of up to 95% funding for existing housing loan borrowers and 90% for others. - Interest rates starting from 8.70% and linked to the borrower's CIBIL score. - Loan tenure of 84 months with no prepayment charges. - Minimum annual income requirements of Rs. 3 lakhs for salaried individuals and Rs. 4 lakhs for self-employed and businessmen. - Required documents include proof of identity, address, income sources, and vehicle purchase details.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    RETAIL CREDIT DEPARTMENT

    NIL Processing
    MAHA SUPER GREEN CAR LOAN 95% Funding* Fess & Other
    Charges

    Rate of Interest*: Starting from 8.70%,


    linked with CIBIL SCORE

     Purchase of New Electric Four Wheeler i.e.


    Car, Jeep, Multi Utility Vehicles (MUVs), SUV
    etc. for personal use. (i.e. not for
    hiring/ferrying passengers) for individuals
    (18 years and above)/ Companies and
    Corporate entities.
    Benefits Minimum Annual Income
     Maximum Funding 95% for  Deduction Norms - Particulars
    existing Housing Loan and  70% of the Gross Income Rs 3.00
    CORPORATE Salary Borrower. including Proposed EMI in case Salaried Lacs
     For all Other 90% Funding of Existing Housing loan
    Rs 4.00
     Income deduction up to 70%. borrowers under Standard
    Self Employed Lacs
     Interest charged on daily category for last 2 years.
    Rs 4.00
    reducing Balance.  Not to Exceed 65% of the Gross
    Business Man Lacs
     Loan Tenure - 84 Months. Income including Proposed Person Engaged
     No Pre Closure Charges EMI for Others. in Agri & Allied Rs 4.00
     Age Limit – 18 Years
     Maximum Loan Amount Rs activities Lacs
    (Minimum) For Individuals.
     Maximum Age at Maturity of 100.00 Lakh
    loan should not exceed 65
    years.

    Quantum of Finance
    Up to 48 times of Net Monthly Salary/Pension on the basis of Last
    Salaried Salary/Pension Drawn, subject to ‘Deduction Norms’
    Up to 4 times Average annual income based on last 2 years ITRs or 2 times of
    Gross Taxable income as per latest ITR (whichever is lower), subject to
    Self Employed ‘Deduction Norms’ (Total income would mean Cash Accruals)
    Up to 2 times Average annual income based on 3 years ITRs or 2 times of Gross
    Businessman & Taxable income as per latest ITR (whichever is lower), subject to ‘Deduction
    Agriculturist Norms’ (Total income would mean Cash Accruals).
    For Corporate Up to 4 times of Average annual income based on 3 years ITRs or Gross Taxable
    Clients income as per latest ITR (whichever is lower), subject to ‘Deduction Norms’ and
    (Firms/Companies): availability of DSCR more than 1.5

    *T&C Apply
    Apply Now – www.bomloans.com/vehicleloan
    https://digiloans.bankofmaharashtra.in/apply/vehicleloan

    Rate of Interest structure as mentioned below. (RLLR- 8.70%)


    Maha Super Green Car Loan Scheme
    Particulars CIBIL score Salaried Non- Salaried
    ROI ER % ROI ER %
    800 & above RLLR 8.70 RLLR 8.70
    750 to 799 RLLR 8.70 RLLR + 0.25 8.95
    700 to 749 RLLR + 0.25 8.95 RLLR + 0.50 9.20
    New Green
    650 to 699 RLLR + 1.20 9.90 RLLR + 1.35 10.05
    4 Wheeler
    600 to 649 RLLR + 1.50 10.20 RLLR + 1.75 10.45
    Below 600 RLLR + 2.25 10.95 RLLR + 3.25 11.95
    -1 or 0 and 01 to 05 RLLR + 0.65 9.35 RLLR + 1.75 10.45
    For Partnership Firms / Companies RLLR + 1.15 9.85

    Checklist for Car Loan/ Vehicle Loan


    KYC Documents
    Photo Identity Proof Residence Address Proof
    Any One from the following; Any One from the following;
    Passport Passport
    Pan Card Ration Card
    Voters ID Card Utility Bill: Electricity Bill/ Land Line Bill
    Driving License Aadhar Card
    Aadhar Card Voters ID Card
    Driving License
    Salaried/ Pensioner Class Professionals Business Class
    1. Latest 3 months’ Salary Slips 1. Latest 2 years Income Tax 1. Latest 3 years Income Tax Returns
    2. Form 16/ ITR for Two Years. Returns including including Computation of Income, Profit
    3. Proof of confirmed employee Computation of Income, Profit and Loss Account, Balance Sheet, Audit
    with minimum 1 Year service and Loss Account, Balance Report, etc.
    4. Current Employment Sheet, Audit Report, etc., 2. Shop Establishment Act.
    Certificate. 2. Shop Establishment Act. 3. Any Tax Registration Copy.
    (In case of Pensioner minimum 3. Any Tax Registration Copy. 4. Company Registration license.
    pension per month should be 4. Company Registration Bank Statement: Latest 1 Year bank
    Rs.25000/-) license. statement for both current and savings.
    Bank Statement: Latest 6 5. Professional Degree
    Months statement where Certificate.
    salary/pension is getting Bank Statement: Latest 1 year
    credited bank statement for both
    current and savings.
    The above provisions are applicable only for existing customers with 1 year
    standing. Others to be considered on perusal of 3 years IT Returns / Income
    proofs.
    Additional Documents
    Down Payment Dealer Receipt
    Car Quotation.
    2 passport size color photograph

    *T&C Apply

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