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Auto/Car Loan
Auto/Car Loan

Experience the joy of owning your first car and the convenience of financing your subsequent ones with us. At Sri Raksh, we are dedicated to making your family's dreams come true by providing transparent and simplified banking solutions.

Features & Benefits:

Our Auto Loans cater to all your personal needs, whether you're buying a car or seeking to refinance your existing vehicle for working capital or other important expenses such as education, weddings, or emergencies. With our extensive network of manufacturers and dealers, we offer you the best solutions available in the market.

Sri Raksh takes pride in offering transparent and trustworthy banking services. We guide you through the entire process, from sourcing and field investigation to documentation, ensuring swift approvals and hassle-free disbursements.

Eligibility
  • Determining your loan eligibility is based on the following factors:
  • Assessment of your income and standard of living.
  • Stability of residence and equity in the proposed loan.
  • Established cash flow, whether through salaried income or as a self-employed business owner or professional. A satisfactory prior credit history, if applicable, is also considered.
  • Our loans are available for the purchase of hatchbacks, entry-level sedans, and MUVs.
  • Established cash flow, whether through salaried income or as a self-employed business owner or professional. A satisfactory prior credit history, if applicable, is also considered.

Please note that these eligibility criteria are designed to ensure we provide you with the most suitable and beneficial loan options.

We are here to support you in fulfilling your car ownership dreams and provide the financial assistance you need.

Sri Raksh Auto/Car Loan

Late night drives, impromptu trips, sudden buddy plans & roadside dinner parties; what do these have in common? A car! Fulfil your dream of owning your own vehicle of happiness with Vehicle Loans!

Who can Borrow

Individuals, Firms, Companies

Purpose

Convenient scheme for purchase of Auto/Cars.

Margin

For personal use – 10% (on Cost +Registration charges +Insurance)

For commercial - 25% (on Cost +Registration charges + Insurance)

40% for used cars.

Security

Hypothecation of vehicle to be purchased and from the date of regn For used vehicles should be below 3 years for availing loans.

Repayment

(a) Max 60 months

(b) 18 - 24 months for used cars.

Processing Charges

1.5 % + service tax as applicable from time to time. Insurance to cover pay out charges.

Attractive Features

Competitive Rate on daily reducing. No Prepayment penalty

Documentation Charges

As applicable

Prerequisites

Individuals employed/engaged in business/having professional income and sound financials. Invoice from the Authorized dealer.

Vehicle Loan

Up to 15 lacs max.

Foreclosure charges & Charges for late payment of EMI

2% per month on EMI/Principal overdue subject to minimum amount Of Rs.200/-

About Us

Sri Raksh Souharda Credit Co-operative Limited

At Sri Raksh, we put our customers first. And the confidence that our customers have in us drives us to excel and to redefine boundaries. For us, customer centricity is not just a buzzword. We strive to embody elements of what relationships are about:- Being there for the long haul, through good times and bad Recognising that relationships have swings and roundabouts

Our location

#7, First Floor, Chandra Layout Main Road Income Tax Layout Binny Mills Employees Colony Vijayanagar Bangalore-560 040

Phone Number

(080) -23441011