Vehicle Loan

         Merchants Bank offers uniquely tailored Car Loan products that take the pain and hassle out of buying a car. Flexible, transparent, quick, and cost-effective, our Car Loans put the joy back into owning a car.

Loan available for purchasing new/used car or two wheeler for personal use.

Documents Required:-

  • Quotation from the Dealer in original (With Signature of Customer)
  • Income proof a) or b) as applicable
  • a)Salaried person : salary slips for last 3 months, ITR/Form 16 for last 3 years
  • b) Businessman/Professional/self employed: last three years profit & loss account and balance sheet, & ITR      and Bank statement for last 3 months.
  • Recent Colour Photograph(3 Nos.)
  • Proof of Address / Residence: Latest Telephone Bill or Electricity Bill or Ration Card
  • Proof of Identity: PAN Card, Voter Id Card, Passport, Driving License
  • PAN Card or Form 60/61 if applied for PAN

Terms And Conditions:-

  • Terms and conditions of the scheme are subject to revision, for details contact nearest branch.

Interest Rates
Vehicle Loan 12%