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Co-Operative Bank
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Machinery / Vehicle Loan

Flexible Loans • Easy EMIs • Trusted Banking Partner

Machinery / Vehicle Loan - Product Description

Purpose: Purchase of new two-wheeler / car / commercial vehicle

Loan Amount: Based on vehicle cost & borrower profile

Maximum Loan: Up to 70% of on-road vehicle price

Tenure: Minimum 1 Year, Maximum 5 Years

Security: Hypothecation of the vehicle

Benefits

• Attractive interest rates

• Quick loan processing

• Flexible EMI options

• Financing available for new & used vehicles

Eligibility

• Salaried, Self-Employed & Business Owners

• Minimum-Maximum Age: 21-50 Years

• Stable income source

Rate of Interest

• Starting from 11.00% p.a.

• Varies based on vehicle type & applicant profile

Documents Required

• Identity & Address Proof

• Income Proof / Salary Slips

• Quotation / Invoice of vehicle

• Bank Statement

Terms & Conditions

• Vehicle insurance mandatory

• Hypothecation marked in RC book

• Loan subject to bank policies & approval

How To Apply

01
Fill Application Form

Submit your basic personal, income and property details online.

02
Document Submission

Upload or submit required KYC, income and property documents.

03
Verification & Approval

Bank will verify details and approve loan as per eligibility.

04
Loan Disbursement

Loan amount is disbursed directly to your account or builder.