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Hypothecation (Nazargahan)

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  • Hypothecation (Nazargahan)
  • Hypothecation is the process of pledging your vehicle's ownership to the bank until the vehicle loan is fully paid.

  • There are two ways to finance a new vehicle.

  • You can either pay the total amount out of your pocket or take a bike or car loan.

  • Hypothecation means offering an asset as collateral security to the BANK.

  • The ownership lies with a bank, and the borrower enjoys the possession.

Interest Rate: Interest  Rate for Hypothication in our Bank is 11.50%.

Documents Required:

  • Shop Act

  • Bank Mermbership

  • Collated Security

  • 3 Years Income Proof

  • Customers KYC

  • `2` Guarantors KYC