Net Banking
Net Banking
Look no further than Mahanagar Bank, if you are thinking of buying a car. We would help to bring home your dream car, without compromising due to lack of resources. Out best-in-class interest rates, flexible repayment tenue and loan amount upto 100 % of the on-road price of then car, would ensure that you drive around in a nice, comfortable Car of your own choice.
Loan Amount:
Upto 100% on-road funding
Maximum limit of Rs. 150 Lakh Salaried: 40 times of Avg Net Monthly Salary Businessmen: 4 times of Avg Gross Cash accruals or latest audited gross cash accrual with justification Upto 100% finance on ex-showroom cost of the vehicle for loan upto Rs.10 lakh Loan above Rs.10 lakh - 90% of Ex- showroom cost, insurance & registration charges. 1 or 2 / 3, whichever is lower Flexible repayment tenures from 12 months to 84 months Enjoy transparent, quick and easy documentation process
Margin:
10% of on-road cost
Repayment Period:
Salaried & Businessmen: Maximum of 7 years.
Takeover of loans:
100% discount on Processing fees (Limited period offer)
Takeover of car loans from other Banks/Institutions, subject to norms.
Age of the car not to exceed 3 years Total repayment period including other bank should not exceed 7 years
Processing Fees:
As per norms
Salaried persons with minimum one year confirmed service.
Other than salaried with regular source of income.
Duly filled prescribed application form
Photo Identity
Residence Proof
Income proof a) or b) as applicable.
Salaried person: salary slips for last 3 months and bank statement for last 3 month or ITR/Form 16 of the latest one year. Businessman/Professional/self-employed: last 3 years’ profit & loss account and balance sheet, & ITR and Bank statement for last 3 months. Proforma Invoice / Quotation of the Authorized dealer.
KYC Document 3 Years IT Returns 6 Month Bank Statement