Welcome to Gadchiroli District Co-Op Bank, your trusted financial partner in Gadchiroli District. We understand the importance of owning a vehicle, whether it’s a car or a two-wheeler, we are here to help you fulfill your dreams. With our hassle-free vehicle loan offerings, you can now drive home your dream vehicle without any financial worries.
| Sr. No. | Loan Scheme | Loan Limit | Loan repayment period | Interest Rate |
|---|---|---|---|---|
| 1 | Loan for purchase of new four wheeler | Salaried :- 90% of quotation Other than bank salaried / Businessmen / Farmers :- 85% of quotation | 7 years | 8.60% |
| 2 | Loan for purchase of new two wheeler | Salaried :- 90% of quotation Other than bank salaried / Businessmen / Farmers :- 85% of quotation | 5 years | 9.00% |
| 3 | Loan for purchase of new cargo vehicle | 85 percent of quotation | 7 years | 10.50% |
| 4 | Loan for Purchase of New Heavy Goods Vehicle (HGV) | 75 percent of quotation | 10 years | 10.50% |
| Sr. No. | Loan Scheme | Links |
|---|---|---|
| 1 | Loan for purchase of new four wheeler | Click Here |
| 2 | Loan for purchase of new two wheeler | Click Here |
| 3 | Loan for purchase of new cargo vehicle | Click Here |
| 4 | Loan for Purchase of New Heavy Goods Vehicle (HGV) | Click Here |
Gadchiroli district Co-Op Bank is committed to providing financial solutions that empower individuals in Gadchiroli District. Drive your dreams with our vehicle loans and experience a smooth and fulfilling journey on the roads ahead.
Near ST Bus Stand, Dhanora Road, Gadchiroli Taluka, Gadchiroli District, Gadchiroli.
For RTGS/NEFT Assistance
07132-232050
For ATM Card Assistance
07132-233571
Missed Call Balance Enquiry
09289201111
For Mobile Banking
07132-233571
The Gadchiroli DCC Bank Pvt. Ltd.
Register with DICGC
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
|
Salaried
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant • Last 6 months salary slip • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant and co-applicant) |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. |
|
Salaried other than bank
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Last 6 months salary slip, bank account statement and cheque book • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant, co-applicant and guarantor) • Consent letter of surety on stamp paper of ₹100 • Last 6 months salary slip and bank account statement of two competent guarantors. |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Professional
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Last 3 years income tax return and balance sheet • Business Registration Certificate • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee |
• The applicant should be a resident of the district. |
|
Farmer
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Status Certificate for last 3 year • Income certificate for last 3 years • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
|
Salaried
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant • Last 6 months salary slip • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant and co-applicant) |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Salaried other than bank
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Last 6 months salary slip, bank account statement and cheque book • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant, co-applicant and guarantor) • Consent letter of surety on stamp paper of ₹100 • Last 6 months salary slip and bank account statement of two competent guarantors. |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Professional
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Last 3 years income tax return and balance sheet • Business Registration Certificate • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee |
• The applicant should be a resident of the district. |
|
Farmer
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Status Certificate for last 3 year • Income certificate for last 3 years • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
|
Salaried
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant • Last 6 months salary slip • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant and co-applicant) |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Salaried other than bank
|
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Professional
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Last 3 years income tax return and balance sheet • Business Registration Certificate • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee |
• The applicant should be a resident of the district.
• The business of the applicant should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Farmer
|
• Loan Demand Application
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Nominal membership fee (applicant, co-applicant and guarantor) • Status Certificate for last 3 year • Income certificate for last 3 years • Quotation from authorized vehicle dealer • Agreement/Guarantee on stamp paper of ₹100 • Consent letter of surety on stamp paper of ₹100 • Last 3 years income tax return if guarantor is professional • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district.
• The applicant’s farm should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
| Eligibility | Required documents | Terms and Conditions |
|---|---|---|
|
Salaried
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant and co-applicant • Last 6 months salary slip • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant and co-applicant) |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Salaried other than bank
|
• Loan Demand Application
• Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor • Last 6 months salary slip, bank account statement and cheque book • Quotation from authorized vehicle dealer • Loan repayment agreement/guarantee on stamp paper of ₹100 • Nominal membership fee (applicant, co-applicant and guarantor) • Consent letter of surety on stamp paper of ₹100 • Last 6 months salary slip and bank account statement of two competent guarantors. |
• Applicant’s CIBIL score should be above 700.
• Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year • The loan will be sanctioned except for 30 percent of the applicant’s gross salary for livelihood. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Professional
|
• Loan Demand Application.
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor. • Nominal membership fee (applicant, co-applicant and guarantor). • Last 3 years income tax return and balance sheet. • Business Registration Certificate. • Quotation from authorized vehicle dealer. • Agreement/Guarantee on stamp paper of ₹100. • Consent letter of surety on stamp paper of ₹100. • Last 3 years income tax return if guarantor is professional. • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. |
• The applicant should be a resident of the district.
• The business of the applicant should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
|
Farmer
|
• Loan Demand Application.
• Should have a regular savings/current account. • Aadhaar Card/PAN Card and updated photograph of applicant, co-applicant and guarantor. • Nominal membership fee (applicant, co-applicant and guarantor). • Status Certificate for last 3 year. • Income certificate for last 3 years. • Quotation from authorized vehicle dealer. • Agreement/Guarantee on stamp paper of ₹100. • Consent letter of surety on stamp paper of ₹100. • Last 3 years income tax return if guarantor is professional. • Salary slip of last 6 months and bank account statement if guarantor is a salaried employee. • Updated 7/12. • Certificates of PAC/AVK Society. |
• The applicant should be a resident of the district.
• The applicant’s farm should be in the district. • Applicant’s CIBIL score should be above 700. • Bank’s name has to be hypothecated on RC book of the vehicle. • Vehicle insurance should be renewed every year. • The loan will be repaid in equal monthly installments. • The interest will be charged as per the daily product on lump sum repayment of the loan by the applicant. • The loan shall have two competent guarantors. • Additional penalty interest will be charged at the rate of 1 percent on overdue loans. • The bank reserves the right to modify, relax and increase the terms and conditions of the loan. |
