State Bank Of India Application For Car Loan/two Wheeler Loan Page 4
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4FOR OFFICE USE ONLY
Cost of Article(s)/vehicle to be purchased : Rs. ______________________ (A)
Amount of M argin
: Rs. _______________________ (B)
Percentage of M argin
:
(Percentage of applicant’s contribution to invoice price)
Amount of Loan (A-B)
: Rs. _________________________
Security offered
:
The loan will be secured by
Primary Security
:
Hypothecation of Article(s)/vehicle
(Noting of Bank’s hypothecation charge in the books of the R.T.O. and registration Book
will be essential for vehicle. A copy of the Registration Book also to be furnished after
noting of hypothecation charge).
Collateral Security
:
i)
Third Party Guarantee of the Spouse, if married
ii)
Third Party Guarantee of
iii) Pledge of Securities listed hereunder:
Nature of Security
Sr.No. of
Face Value/
M aturity
Date of
Whether
(e.g., N.S.C./LIC
Security
M arket Value
Value
M aturity
Lien
Policy, Fixed
(Please specify)
Rs.
Noted
Deposits etc.)
Rs.
(Yes/No)
Brief Reasons for waiver of Third Party Guarantee (if any):
Housing Loan borrower and satisfactory track record of at least three years.
In the past repaid Term/Demand Loan (other than a loan against a specified security
etc.) as per repayment schedule
Has been maintaining a deposit account with us for at least 5 years and average deposit
has been of the order of Rs.25,000.00
Any other reason ….
Repayment: To be repaid in Equated M onthly Instalments of Rs. ___________ each)
The request of the applicant for a Loan of Rs. _______________ for purchase of
___________ Car/M UV/SUV as contained in the enclosed application is in conformity
with the extant scheme of the Bank in this regard.
Irrevocable letter of Authority as per Annexure II and Letter from the Drawing and
Disbursing Officer as per Annexure III obtained as a check-off facility with a reputed
employer is available. *
Rate of Interest:
Floating @ ______% below/above SBAR i.e. ____% p.a.
Fixed @ __________% p.a.
Sanctioned
a
Term
Loan
of Rs._____________ (Rs.) to Shri/Smt./Kum.
__________________________ on terms and conditions noted above.
Recommending Authority
Sanctioning Authority
* To be deleted when no check-off is available
Application form: Car & Two Wheeler Loan
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