Why Owning a Vehicle is Essential in the On-Going Pandemic

11 Jan 2021 18:40:50

Vehicle Loan_1  
 
 
Our realties have changed since the March of 2020. When coronavirus hit the world and entered our country, the lockdown was the only option. We had to put our jobs, businesses, and everything else on the back burner to stay alive.
 
While our lives have changed drastically, going into the outside world is something that cannot be avoided forever. Hence, amid all the necessary precautions that we follow, there is one that is not highlighted much, that is owning a vehicle.
 
The most important precaution during this pandemic is to follow a social distancinge. while, avoiding the crowded areas, for many, the way of transportation remains the same. This leads to either many people using same source of transportation in the same day for e.g. auto rickshaws or taxis; many prefer the option of buses or local trains. Although, the use of public transportation was encouraged at one time, in this “new normal” world of ours, it is should be our last option.
 
So, step in to this New Year by doing something good for yourself. With Janakalyan Bank’s Vehicle Loan you can get a car or a two-wheeler to meet your daily needs, for it is no longer a luxury  but a necessity.
Here is everything you need to know about Janakalyan Bank’s Vehicle Loan solutions –
  
Who can get the Vehicle Loan?
 
• A salaried person with minimum one year of confirmed service
• A self-employed person with a profit earning for minimum two years
 
What can you purchase with Janakalyan Bank’s Vehicle Loan?
 
• A new car
• A new bike
• A second hand car
• A second hand bike
 
>> How much loan will you get?
• A maximum loan amount for the new car or bike is 90% of cost
• A maximum loan amount for the second hand car or bike is 50% of value
 
>> What is the repayment period for Vehicle Loan?
• A repayment period for new car is 60 months
• A repayment period for second hand car is 36 months
• A repayment period for bike is 36 months
 
What are the documents required to apply for Janakalyan Bank’s Vehicle Loan?
 
• Personal Documents
o Passport size photograph 
o Address Proof
o Identity Proof
o Salary or Income details
 
• Bank Documents
o Loan Application Form
o Net worth forms
o Proforma Invoice of Authorized Dealer
 
So start your new year on a happy note and buy yourself a nice car or bike today.
 
SMS ‘Loan’ to 70659 66665 and our bank will call you with all the details about the loan process or you can also visit our website.
 
Have a safe year!
Happy Banking!
 
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