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

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 –

  

• A salaried person with minimum one year of confirmed service

• A self-employed person with a profit earning for minimum two years

 

• 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

 

o Passport size photograph 

o Address Proof

o Identity Proof

o Salary or Income details

 

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.