Vehicle Loans
Empowering your mobility with Rashtrakuta Souharda Co-operative Society Limited
Drive Your Dreams
A Vehicle Loan from Rashtrakuta Souharda Co-operative Society Limited is designed to help members conveniently finance the purchase of a new or used vehicle for personal or business use. The loan facility provides reliable financial support so members can acquire vehicles that support their daily mobility, professional activities, or commercial operations.
Owning a vehicle often plays an important role in improving convenience, productivity, and livelihood opportunities. Through this loan scheme, the society enables members to purchase two-wheelers, cars, or commercial vehicles with manageable repayment options and transparent lending procedures.
The loan is structured to ensure responsible borrowing while helping members achieve their transportation needs without financial strain.
Loan Categories
New Vehicles
- Max limit up to ₹2 Crore
- 85% of ONROAD price (Personal)
- 85% of BASIC price (Commercial)
Used Vehicles
- Max limit up to ₹50 Lakhs
- 80% Valuation (White/Green Board)
- 65% Valuation (Yellow/Green Board)
Eligibility Criteria
| Criteria | Requirement |
|---|---|
| Age | Minimum 21 Years |
| Income History | Last 3 Years IT Returns |
| Membership | Exclusive to Society Members |
| Employment | Salaried, Business Owners, & Professionals |
Required Documents
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Interest rates and processing charges are as per current Bank rules.
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