The Malad Sahakari Bank Limited
Building Trust Through Cooperative Banking Since 1976
The Malad Sahakari Bank Limited
Building Trust Through Cooperative Banking Since 1976
Member/Nominal member of the bank.
For purchase of a new/old vehicle not older than 3 years for personal use.
For New Vehicles 80% of the Invoice Value, Rest As per Banks Guidelines*
20% of the total original cost of a new vehicle and 50% of the market value of old vehicles as assessed by the bank's approved valuer.
For new vehicles: 60 equated monthly installments.
For old vehicles: 3 years.
Loans for the purchase of commercial vehicles shall observe all the above conditions in addition to obtaining a permit, and the margin will be 35%.
Interest will be applicable as per the Bank's prevailing Interest rates and scheme terms. click here