‘Sunita Finlease Ltd.’ is a flagship company of Sunita Group established in 1985. The company is rated by CRISIL, it is a RBI registered Non-Banking Finance Company (NBFC) and is proud to be a member of CIBIL.
New Vheichle Loan Scheme
Salient features:
- No Advance EMI.
- Longest repayment tenure (4 years).
- Lowest interest rates.
- Lowest instalment.
- LTV 80% of 'On Road Price' of vehichle (includes registration & insurance).
- Interest Calculated on monthly compounded basis.
- Flexibility of payment anytime during the months of finance period.
- No pre-payment penalty.
Purpose: For purchase of new passenger vehichles, cars, Multi Utility Vehicles (MUVs) and SUVs.
Eligibility: Net Annual Income of Rs. 60,000/- and above.
Loan Amount: There is no upper limit for the amount of a vehichle loan. A maximum loan amount of 48 times of Net Monthly Income or 4 times of Net Annual Income can be sanctioned.
Docments Required: You would need to submit the following documents along with the completed application form:
- Statement of Bank account of the borrower for last 6 months.
- Passport size photographs of borrower(s).
- Signature identification from bankers of borrower(s).
- A copy of passport /voters ID card/PAN card.
- Proof of residence.
- Latest salary-slip showing all deductions
- I.T. Returns/Form 16: 2 years for salaried employees and 2 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable
- Proof of official address for non-salaried individuals
- Margin: 20% of the on road price (which includes vehicle registration charges, insurance, one-time road tax and accessories).
Repayment: You can enjoy the longest repayment period in the industry with
us as long as 47 months.
Reimbursement: We also reimburse finance for the vehichles purchased out of
own funds which are not more than 3 month old at rate of interest applicable
to New Vehichle.
Interest: BPLR 11.4% interest rate vary as per the profile and tenure of loan applicant.
Processing Fee: Rs.4000/- or 0.5% which ever is higher.
Security: As per the Company's extant instructions.
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