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Vehicle Loan

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Features

Seylan Vehicle Loan enables you to purchase a motor vehicle (Brand new /Registered / Unregistered) or raise funds for personal requirements against a vehicle owned.

  • Loan Features
    • Stamp Duty Absorbed by the bank
    • Low fixed interest rates.
    • Repayment up to 07 years.
    • Door step service.
    • Loan facilities starting from 1 Mio to 20 million.
    • No Irregularities in CRIB

    Note: Loans for Three wheelers/ Motor Bikes & Chinese origin vehicles are not considered under the scheme.

How to get started
  • Eligibility :
    • Net Income + Fixed Allowances to be over Rs.100,000/-
    • Permanent Employees who have completed 1 year in employment
    • Age between 20 – 60 years
  • Documents Required – Application stage
    • Valid National Identity Card / Driving License
    • Letter of employment and Salary confirmation
    • Evidence of Income : Last 3 months salary slips & Bank statement of last 3 months
    • Copy of marriage certificate (if joint with spouse)
    • Billing proof (utility bills)
    • Sole agent’s invoice for brand new vehicles
    • Invoice & Valuation from a panel valuer for unregistered vehicles
    • Copy of CR book & valuation from a panel valuer for registered vehicles
    • Duly completed application
Tool & Calculators: