Corporate Office

1st floor, Nandwana Mansion,
Lohamandi Corner,
Sansar chandra Road,
Jaipur
Pin Code:- 302001
info@padmavaticooperative.com

Phone :
          
0141-2375136
0141-2365136


Three Wheeler Loan

1. The borrower must have Daily Deposit Scheme (D.D.S.) Account with society wherein 2% of loan amount has to be deposited.

2. Loan will be maximum up to 70% of total cost vehicle.

3. Interest @ 24% per annum (flat) will be charged.

4. The vehicle will be hypothecated with society until full payment is received.

5. The installment of loan will be payable on daily basis.  In case of defaulter in paying daily installment, interest @ 10% per day will be charged as penalty.

6. The difference of loan amount and cost of vehicle will be deposited by borrower in his saving account with society.

7. In case of nonpayment of total loan amount with interest and penalties, an additional interest @ 6% of loan amount will be charged per day.

8. The insurance of vehicle will be renewed by the society on due date and the premium amount will be debited to loan account.

9. The loan period will be of 24 months.

10. The loan will be insured and premium will be paid by borrower.