Welcome to our Mogaveera Bank

Vehicle Loans

Turn your dream of owning a car into a reality with our best vehicle loans. 

Apply for a vehicle and get the right guidance and assistance in availing a loan for a brand new car.

Rate of Interest

Two Wheeler : 10.50 % p.a.

Four Wheeler : 10.00 % p.a.

Commercial Vehicle : 12.00% p.a.

Tenure : 60 months

Security

Hypothecation of Car/Motorbike/Lic policy

Processing Fees

Rs. 1,000/- + GST.

 

Documents Required :

  1. 3 years ITR with one year Bank Statement / 3 months salary slip with Form 16 and one year Bank statement.
  2. Satisfactory CIBIL Report
  3. Copy of Vehicle Proforma Invoice of the dealer
  4. 2 Guarantors with 3 years ITR with one year Bank Statement / 3 months salary slip with Form 16 and one year Bank statement.
  5. Complete KYC documents of Applicant and Guarantors
  6. The Mogaveera Co-operative Bank's Deposits are insured with DICGC for up to 5 Lakhs.

    DESPOSIT INSURANCE AND CREDIT GURANTEE CORPORATION
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