[et_pb_section fb_built=”1″ admin_label=”Hero” _builder_version=”4.16″ use_background_color_gradient=”on” background_color_gradient_stops=”rgba(9,31,77,0.24) 0%|rgba(234,50,54,0.48) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”rgba(9,31,77,0.24)” background_color_gradient_end=”rgba(234,50,54,0.48)” background_image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Vehicle-Loan.jpg” custom_padding=”|0px|120px|0px|false|false” bottom_divider_style=”asymmetric3″ bottom_divider_color=”#ffffff” da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.17.3″ text_font=”||||||||” text_text_color=”#ffffff” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_font_size=”40px” header_line_height=”1.4em” background_layout=”dark” max_width=”600px” custom_margin=”||30px|” custom_margin_last_edited=”off|desktop” header_font_size_tablet=”30px” header_font_size_phone=”24px” header_font_size_last_edited=”on|desktop” global_colors_info=”{}”]<\/p>\n
Get great loan offers from us to buy your dream vehicle immediately.[\/et_pb_text][et_pb_button button_text=”view services” _builder_version=”4.16″ custom_button=”on” button_text_size=”14px” button_text_color=”#ffffff” button_bg_color=”#003bde” button_border_width=”0px” button_border_radius=”4px” button_letter_spacing=”1px” button_font=”Montserrat|||on|||||” background_layout=”dark” custom_margin=”|||” custom_padding=”16px|40px|16px|40px|true|true” button_border_radius_hover=”4px” button_letter_spacing_hover=”1px” button_bg_color_hover=”#0053ef” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”on” button_border_radius__hover=”4px” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”1px” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”#0053ef” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”||10px||false|false” da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Suco-Dream-Vehicle.jpg” title_text=”Suco-Dream-Vehicle” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” custom_css_main_element=”margin:auto;” global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ text_font=”||||||||” text_line_height=”2em” header_font=”Poppins|600|||||||” header_font_size=”40px” header_line_height=”1.3em” header_2_font=”Poppins|600|||||||” header_2_font_size=”32px” header_2_line_height=”1.6em” max_width=”700px” module_alignment=”left” header_2_font_size_tablet=”24px” header_2_font_size_phone=”18px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][et_pb_text _builder_version=”4.17.3″ text_font=”||||||||” text_font_size=”18px” text_line_height=”2em” header_font=”Poppins|600|||||||” header_font_size=”40px” header_line_height=”1.3em” hover_enabled=”0″ text_font_size_tablet=”16px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}” sticky_enabled=”0″]Purchase brand new two-wheeler vehicles such as motorbikes, scooters, Mopeds, etc. by availing our easy vehicle loan schemes including Electrical Vehicle.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Features” _builder_version=”4.16″ custom_padding=”0px||0px||true|false” da_disable_devices=”off|off|off” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”||||||||” header_font_size=”40px” header_line_height=”1.3em” header_2_font=”Poppins|600|||||||” header_2_font_size=”32px” header_2_line_height=”1.6em” module_alignment=”center” header_2_font_size_tablet=”24px” header_2_font_size_phone=”18px” header_2_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”ELIGIBILITY” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Eligibility.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
Individuals, Professionals, Self-employed, Traders, Salaried persons and Others (other than Agriculturists) with following stipulations<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” custom_css_main_element=”margin:auto;” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”QUANTUM OF LOAN AMOUNT” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/quantum-of-loan.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
70% of Invoice value OR 80% of Vehicle cost OR a maximum of Rs. 1 lakh whichever is less.<\/p>\n
[\/et_pb_blurb][et_pb_blurb title=”SECURITY” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/security.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”MARGIN” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Margin-Gold-Loan-GL.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
30% OR 20% (as the case may be) shall be borne by the applicant.<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”RATE OF INTEREST ” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Rate-Of-Interest.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.17.3″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
12 %. PA. Interest shall be charged on monthly rests and compounded on a monthly basis.<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”CATEGORY OF LOAN” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Category-of-loan.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
These loans shall be categorized as Non-Priority Sector (NPS).<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” custom_css_main_element=”margin:auto;” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”PENAL INTEREST” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Penal-Interest.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
Penal Interest shall be charged @ 3%<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”REPAYMENT PERIOD” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Repayment-Period.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
The entire loan shall be repaid in 24 \u2013 36 Equated Monthly Installments (EMIs), depending upon the repaying capacity of the borrower.<\/p>\n
[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” custom_css_main_element=”margin:auto” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”PROCESSING CHARGES” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/processing-charges.png” icon_placement=”left” content_max_width=”400px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
2% of the loan amount with a minimum of Rs.500\/- and a maximum of Rs.20000\/-<\/p>\n
[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”APPLICATION \/ OTHER DOCUMENTS” image=”https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/application-documentation.png” icon_placement=”left” content_max_width=”1100px” content_max_width_tablet=”550px” content_max_width_last_edited=”off|desktop” _builder_version=”4.16″ header_font=”Poppins|600||on|||||” header_font_size=”12px” header_letter_spacing=”1px” header_line_height=”1.6em” body_font=”||||||||” body_line_height=”2em” background_color=”#ffffff” custom_padding=”30px|20px|30px|20px|true|true” border_radii=”on|8px|8px|8px|8px” box_shadow_style=”preset1″ box_shadow_vertical=”10px” box_shadow_blur=”60px” box_shadow_color=”rgba(39,39,52,0.06)” locked=”off” global_colors_info=”{}”]<\/p>\n
Following documents are to be obtained before entertaining the loan application.<\/p>\n
[\/et_pb_blurb][et_pb_text _builder_version=”4.16″ _module_preset=”default” custom_padding=”20px|30px||30px|false|true” global_colors_info=”{}”]<\/p>\n
OTHER CONDITIONS*<\/strong> :<\/p>\n i) Cost of the vehicle (as per quotation) shall be directly remitted to the dealer after recovering the stipulated margin. [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Vehicle Loans Get great loan offers from us to buy your dream vehicle immediately.Choose your dream vehicle now!Purchase brand new two-wheeler vehicles such as motorbikes, scooters, Mopeds, etc. by availing our easy vehicle loan schemes including Electrical Vehicle.Vehicle Loan Scheme DetailsIndividuals, Professionals, Self-employed, Traders, Salaried persons and Others (other than Agriculturists) with following stipulations Salaried […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":230402,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"class_list":["post-242260","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/242260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/comments?post=242260"}],"version-history":[{"count":25,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/242260\/revisions"}],"predecessor-version":[{"id":245356,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/242260\/revisions\/245356"}],"up":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/230402"}],"wp:attachment":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/media?parent=242260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
ii) The Insurance policy should be got renewed promptly every year by diarising the same.
iii) In case of salaried persons, the available services should be more than the repayment period.<\/p>\n