Photo of the Applicant

with Self Attestation

Photo of the Guarantor (in

case of need) with Self
Attestation

APPLICATION FOR
INDIAN BANK VEHICLE LOAN SCHEME
To
The Branch Manager, Indian Bank Branch.

I hereby request for sanctioning of VEHICLE LOAN for Rs… towards purchase of 2 / 4 Wheeler (New/
Second Hand Vehicle) repayable in equated monthly Instalments. I give below my following information:

S.B or C.A/c No. (for Existing Customers)

RESIDENT NRI

1 Name Mr / Mrs / Mx

Date of Birth and

2 Age Age Yrs

Father’s /
3 Spouse Name S/o or W/o

4
Sex  Male  Female  III Gender

5 Martial status : Married / Unmarried (Please tick applicable)

6 Current Residential Address: Whether  Owned  Rented  Leased  Company provided  Others

Address………………………………………………………………………………………………………………………………………………………

…………………………………. City…………………………………. Pincode:……………………… Residing since………………

Mobile No……………………………Aadhaar No…………………………………………… PAN No………………………..........

E-Mail Id…………………………………………….

Permanent Address (if any) :

…..…………………………………………………………………………………………………………………………….
………………………………..……………… City …………………………………………Pin……………………………

7 Occupation Employed Self Employed Professional

Others
EME

e of 2 / 4 Wheeler (New/
ng information:

Yrs

d  Others

…………………………………

ce………………

………..........

Business
8 Details of Employment (with Whether Confirmed Yes No Completed years of Service: …………..
reference to Col.7) with full
address of Employer /
Office with Telephone / fax /
email.
Designation, Employee No
etc to be entered

9 If Self-employed / Nature of Profession / Business etc. …………………………………………………………………………….

Professional/ Business / Capital Employed in the Business – Rs.
Others – Furnish
Details
(with reference to Col.7)
with full address
/ Telephone / fax / email

10 Present Monthly Income: Gross Net Other Income, if any

a. Applicant

b. Spouse

c. Total

11 Description of Vehicle to be Purchased

2 / 4 Wheeler: 2 Wheeler 4 Wheeler Make: ………………………………………………….

Model Name: ……………………………………………………………..

Dealers Name and Address:

New Phone: TIN No.:
Invoice Amount : Rs. (On Road Price – Excluding accessories)
Bank, Branch, IFSC & A/c no of the
Dealer:

Year and month of Age

Old Manufacture (mm / yyyy) …….…yrs ……. m

Seller details Name ……………………………………………………. Bank …………………………….. Branch ……………

IFSC ……………………………………………….. A/c No. …………………………………………………….

12 Details of Family Members: Name Relationship Age

1. ……………………………………….……………. ……………………………………. ……………….

2. …………………………………………….………. ……………………………………. ……………….

3. …………………………………….………………. ……………………………………. ……………….

4. ………………………………………….…………. ……………………………………. ……………….

5. ……………………………….…………………. ……………………………………. ……………….

13 Any relative working / nominated as Director in the Bank : No Yes. If yes, Relationship : (If yes, declaration in the format (F 172) shou
obtained.)

14 Details of SB / Current Account maintained by the applicant Account Nos. : (SB / Current / OD / OCC Account) Bank:
with Other Banks Branch :

15 I hereby declare that all the particulars given in the application form are true in all respects. I confirm that no litigation has been initiated
me by other banks / Financial Institutions. I request you to sanction the loan.
Place :
Date : Signature of the Applicant.
Details & Consent from the proposed Guarantor: (KYC requirements to be complied)
Name :……………….……..……..…………………..………… S/o;D/o;W/o ………….…….………..….……………. Date of Birth …………..……..
Address: (Residence) …………………………………………………………………………………………………………………..………………………
Monthly Income : Rs Source : Service / Business / Profession / Others
Details of Bank A/c held: ……………………………
(Office Address) …………………………………………………………………………………………………………………………………………………
Phone No…………………………….. Mobile:………………………………… Relationship with Borrower: ……………………...…………
I hereby give my consent to stand as Guarantor to Sri / Smt for the Vehicle
Loan of Rs applied by the applicant.
Date: …………………… Place:…………………………… Signature of Guarantor…………………………………..

List of Enclosures:
1. KYC Documents.
2. Proof of Employment for a minimum period of 2 years experience for 4-wheeler loans and one-year experience for 2-wheeler loans.
3. Where service in the current employment is less the above stipulation - proof of the previous employment experience.
4. If employed in a private concern, company profile of the employer to ascertain the Standing /status of the company
5. For all the salaried class applicants - a copy of the confirmation letter.
6. Proof of business address in respect of businessmen / industrialists
7. For NRI applicants, latest employment contract indicating residual contract period of not less than 3 years and undertaking letter as to the usage of vehi
India.
8. Quotation / Proforma Invoice.
9. Copy of Driving Licence (Wherever applicable).
10. Salary Certificate for 6 months if employed and Latest ITR or Form 16 for 2 years for Self Empoyed / Professional / Businessman.
11. A & L Statement from Borrower and Guarantor.
12. In case of 2nd hand vehicle, valuation report by AAI / Reputed Automobile Engineer / Valuer acceptable to the Bank .
 ed years of Service: …………..

…………………………………….

Other Income, if any

………….

– Excluding accessories)

Value of the
Vehicle As per
the Valuer Rs.

…………………….. Branch ……………

……………………………………….

…….

…….

…….

…….

….

p : (If yes, declaration in the format (F 172) should be

(SB / Current / OD / OCC Account) Bank:

confirm that no litigation has been initiated against

Signature of the Applicant.

f Birth …………..……..
…..………………………

……………………………
………………...…………
for the Vehicle

…………………………..

e for 2-wheeler loans.

nce.
y

and undertaking letter as to the usage of vehicle in

ssional / Businessman.

he Bank .
For Office Use Only PRE – SANCTION APPRAISAL PROCESS:
Date of Receipt :
[1] Check List [1a] CIBIL Verification Done : Yes No If Yes, Score Obtained :
Whether at Acceptable Level : Yes No
[1b] EXPERIAN Verification Done : Yes No If Yes, Score Obtained :
Whether at Acceptable Level : Yes No
[2] Scoring Done : Yes No If Yes, Score Obtained :
[3] Credit Report prepared obtaining A & L (Mandatory): Yes
[4] Pan Card (Applicant & Guarantor) verification done : Yes (KYC compliant)
[5] DUE DILIGENCE :[Mandatory for 4 Wheeler & high end 2 Wheelers; Optional for 2 Wheelers of normal Vehicles]
[a] Verification of the Dealer’s Address done through Internet / website / visit : Yes No
[b] Whether the Quotation / Invoice contains Bank’s name : Yes No
[c] Name of the person contacted at Dealer’s Office : Mr/Ms.
[d] Name of the Bank Official who made the above enquiry : Mr/Ms.
[6] In case, Loan amount exceeds Rs.10 Lakhs - Whether
[a] Collateral Security equal to the amount exceeding Rs.10 Lakh obtained : Yes No
[b] If ‘NO’ to [6][a]Whether approval for relaxation from Zonal Office obtained Yes (Mandatory)
[7] Margin money brought in by the Applicant : Yes No
[8] Loan Component :

Cost of New/Old Vehicle incl. insurance: Rs. Gross Income/Salary : Rs.

Regn. Charges & Road Tax : Rs. Net income/Salary : Rs.
Less Applicable Margin@ % :Rs. Proposed EMI
Eligible amount (A) : Rs. Net income after EMI : Rs.

48 times of Gross monthly income (for salaried class):Rs. (B) % to Gross income : Rs. (minimum 40%)
(for individuals including P & SE)
36 times of Gross monthly income (for Pensioners): Rs.
Max. 3 times of average Net annual income for last 2 years DSCR of 1.5 to 2.00 in case of non- individuals lik
as per latest ITR (for P &SE/Businessmen/Firms & Companies):Rs. Partnership Firms, Limited Companies etc.

ELIGIBLE LOAN AMOUNT (Lower of [A] & [B]) : Rs.…………………….

Date :

Branch Manager’s Sanction

Vehicle Loan (2 Wheeler/ 4 Wheeler) Sanctioned for Rs. ……………………………………………….. Repayable in EMI of
Rs………….………. each commencing from ……………………… with Repo rate @ % p.a. (List of Documents to be executed by the
Borrower/Guarantor is Attached)
Date : Signature of the Branch Manager

LOAN TRACKING No. …………………………………………………….

POST SANCTION COMPLIANCE
 es]

ncome/Salary : Rs.
come/Salary : Rs.
: Rs.
come after EMI : Rs.

ross income : Rs. (minimum 40%)

dividuals including P & SE)
of 1.5 to 2.00 in case of non- individuals like
rship Firms, Limited Companies etc.

Appraising Officer

ayable in EMI of
ments to be executed by the

e of the Branch Manager

 Loan A/c No. …………………………………………. Dated ………………………….. for Rs. …………………………
Payment details – [@] Demand Draft No: Date : Amount : Rs.
Favouring M/s………………………………………………………………………………….
[@] vide NEFT / RTGS to the credit of A/c No. ……………………………………………………..
payable to …………………………………………….. Bank favouring M/s …………………………………………………………….

Whether the covering letter mentions about our Bank’s loan towards the above vehicle :
[i] Photograph of the vehicle with the borrower taken / obtained : Yes
[ii] RC Book copy with Bank’s Name (attested by borrower) submitted : Yes
[iii] Whether our Bank’s Name included as the financier Invoice : Yes

[iv] [iv] Insurance Policy – bearing our Bank’s clause obtained : Yes

@ Strike out whichever is not applicable

Documents to be Obtained :
Document /
S No. Form No. Name of the Document

1 D127 Agreement of hypothecation of vehicles

2 D19A Form 29 – Form of note of transfer of ownership of motor vehicle

3 D19B Form 30 – Report of transfer of ownership of motor vehicle

4 D19C Form 28 – Form for application for NOC
5 D19D Declaration in the absence of “No objection Certificate”

6 D20 True copy of the Certificate of Registration

7 D57 Agreement of Guarantee (wherever applicable)

8 F19 Letter from borrower to dealer

9  Irrevocable Standing Instruction (SI) for recovery of the EMI from the salary account if
salary account is with us.
 NACH mandate/ ECS mandate from customer, if the salary account is
maintained with other Bank.

10 Appropriate documents related to collateral security, wherever applicable.

.........................................................................................................................................................................................
ACKNOWLEDGMENT TO THE APPLICANT
Received the Vehicle Loan application from Sri/Smt/Mx ........................................................................ on ........................

Loan Tracking No: .....................................................

Date: Signature of the Bank Official.
………
unt : Rs.

…………………….

Yes No
No
No
No

No

.........................................

.................. on ........................

Signature of the Bank Official.