The Kannur Dist. Ex-servicemen Multipurpose Co-op: Society Ltd. provides its customers with a wide range of facilities to meet their needs. Every facility has been meticulously planned and provided to ensure that they make the most of it. not to mention the efficiency with which these facilities are provided and implemented. Take a look at the services we provide:
Vehicle Loan
Vehicle loans are available from The Kannur Dist. Ex-servicemen Multipurpose Co-op: Society Ltd. Get a car loan to buy the automobile of your dreams. You may use our financing to purchase a hatchback, sedan, MUV, SUV, sports vehicle, or luxury automobile. Salary employees, businesspeople, professionals, corporations, as well as NRIs and PIOs, can apply for our vehicle loans. We provide competitive interest rates on auto loans of up to 10 lakh rupees, making our loans an excellent alternative for financing your new car.
- The repayment period or tenure for car loans is up to a maximum of 84 months and is determined by the EMI amount.
- The processing charges on our loans are minimal.
Longer Repayment Tenures
Traditional lenders often provide bike loans with terms ranging from 6 to 36 months. Women’s bike lending programs, on the other hand, have lengthier repayment terms. They might last up to 60 months!
Eligibility –
- Salaried employees
- Businessmen, professionals and farmers
- Directors of private and public limited companies, proprietor of proprietorship firms, partners of partnership firms.
- Corporate (Public Ltd Co / Private Ltd Co etc.)/ (Firms i.e. Sole Proprietorship firm/ Partnership/LLP/Trust/Society etc.)
- NRIs/PIOs
For purchase of new passenger cars, multi utility vehicles (MUVs), SUVs, etc. for private use.
Documents required for loan
Having a car is now a requirement to be able to go from one location to another without having to wait for crowded public transportation, or to have the flexibility to go anywhere at any time without regard for time constraints. Kannur Dist. Ex-servicemen Multipurpose Co-op: Society Ltd. provides vehicle loans at highly reasonable rates, flexible duration, and simple installments, one of the lowest in the business, so you may have your dream car without feeling the pressure of a large ticket buy. The Kannur District Ex-Servicemen Multipurpose Co-op: Society Ltd. has a very straightforward auto loan application process.
- Photo ID with age proof (like, Aadhar Card, PAN card, passport, driving license)
- Signed application form with 3 passport sized photographs
- Residence proof like a valid Passport, Voter ID card, driving license, Aadhar Card, Postpaid utility bill (gas bill and electricity bill), updated passbook or bank account statement, notarized registered rent agreement
- Bank statement for the last six months
- If the applicant is a salaried individual
- Last 3 months’ salary slips
- Form 16 or Income Tax Returns
- If the applicant is a self-employed individual
- Balance sheet and profit and loss account, computation of income for last 2 years
- Income Tax Returns – last 2 years for applicants, 26 AS, Traces
- Business proof: Gomasta License, Registration Certificate, Service Tax Registration, among others
- IT Assessment/Clearance Certificate, Income Tax Challans/TDS Certificate (Form 16A)/Form 26 AS for income declared in ITR