UNITED MAHILA MULTISTATE CREDIT CO-OPERATIVE SOCIETY NAYA BAZAR, MAIN ROAD, DHANBAD, JHARKHAND – 826001 (If You Educate a Women , You Educate a Nation)
Admin E-mail login
Employee E-mail login
Administrative login

Auto Loan

Travelling has become a part of every individual daily life - be it commuting to work, travelling with your family or even going for a quick weekend getaway. Owning your car will help you meet your needs of comfort travel and convenience, no matter how varied it may be. A car loan can help you get a step closer to owning your dream car.

An instant car loan from United Mahila Multistate Credit Co-Operative Society offers financial assistance for those seeking to purchase a new or used car. We also offer used car refinance for those seeking to refinance existing low interest car loans. Our loan offerings include top ups on existing vehicle loan, attractive interest rates, quick and speedy processing, and a hassle free documentation processing.

We offer three types of auto loans:
1. Loan for New Car purchase
2. Loan for Used Car purchase
3. Loan for Used Car Re-finance

Features and Benefits of Car Loan

Availing an auto loan from United Mahila Multistate Credit Co-Operative Society can offer you several benefits:

Apply for online car loan or visit your nearest HDB Financial Services branch to avail the best offer based on your financial profile.

  • Attractive car loan interest rates

    • Get the advantage of low car loan interest rates that we offer on your new or used car purchase. We even re-finance the used cars to meet your end-to-end requirements.

  • Top up on existing vehicle loan

    • Based on your current needs, you can opt for a top up on your existing vehicle loan if you want to purchase a new car, used car or want to refinance your used/second hand car loan.

  • Car Loan up to 90% of Vehicle Value

    • Get a car loan up to 90% of the vehicle value, depending on your eligibility based on new car, used car purchase, or even on used car re-finance. At United Mahila Multistate Credit Co-Operative Society, we try to meet your financial requirement.

  • Flexible Repayment Tenure

    • Whether it is a new car purchase, a used car purchases or even a used car re-finance, our flexible repayment tenure of 12 to 48 months ensures that you have no financial burden.

  • Hassle Free Documentation

    • Experience a quick and hassle-free documentation with our application for auto finance. When you apply for a new or second hand car loan or even used car reliance, our documentation process is completely paperless. You only need to submitted soft copies in Branch.

  • Repayment Through Convenient EMIs

    • Our auto loan offerings for a new car or used car purchase, or even used car re-finance come with flexible repayment options through convenient EMIs. Based on your eligibility, you can opt for the best EMI suited to your needs.

    Eligibility Criteria for a Car Loan

    Salaried Individuals:
    Eligibility Criteria
  • Minimum age of applicant: 18 years
  • Maximum age of applicant at loan maturity: 58 years (60 years for Central Government, Employees)
  • Employment: Minimum 3 years in employment and minimum 1 year in the current organization
  • Minimum Net Monthly Income: ₹ 35,000 per month.

    • Self Employed (Non-Professionals, Individual & Proprietorship firms):
    Eligibility Criteria:
  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 65 years
  • Years in business: Minimum 3 years in the same business
  • Minimum Annual Income: ₹ 200,000 per annum.

    • Self Employed (Partnership Firms & Private Limited Company):
    Eligibility Criteria
  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 65 years
  • Years in business: Minimum 3 years in the same business
  • Minimum Annual Income: ₹ 200,000 per annum.

    • Documents Required for a Car Loan

    Salaried Individuals:
    Documents required:
  • Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*/Photo Credit Card / Photo/ Employee ID card for Govt.& PSU employees /Driving License/ Voter ID/ Utility Bill (anyone (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill)/ Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
  • Bank Statements - Latest statements / Bank passbook (updated within 90 days)
  • Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter.

    • Self Employed (Non-Professionals, Individual & Proprietorship firms):
    Documents required:
  • Proof of Identity & Address Proof: Passport / Voters ID / Driving License/ PAN Card*/ Shops & Establishment certificate/ Trade license certificate/ SSI registration certificate/ Sales Tax / VAT registration certificate /Utility Bill (anyone(anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) /Shops & Establishment certificate/Trade license certificate/ SSI registration certificate- Sales Tax /VAT registration certificate/Driving License/ Voter ID / Registered Rental Agreement /Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
  • Bank Statements - Latest statements / Bank passbook (updated within 90 days)
  • Latest 2 years ITR along with computation of Income and latest 2 years Audited Financials required (if applicable) along with Audit Report

    • Self Employed (Partnership Firms & Private Limited Company):
    Documents required:
  • Partnership deed for firms / Memorandum of Association for companies
  • Proof of Identity & Address Proof: Passport / Voters ID / Driving License/ PAN Card*, Utility Bill (anyone (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) /Shops & Establishment certificate/ Trade license certificate/ SSI registration certificate- Sales Tax /VAT registration certificate/ Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and licence agreements with employers allotting official accommodation.
  • Bank Statements - Latest statements / Bank passbook (updated within 90 days)
  • Latest 2 years ITR along with computation of Income and latest 2 years Audited Financials required (if applicable) along with Audit Report/ Latest ITR to be filed at least 60 days prior to login of file
  • Passport size photographs
  • Proof of continuation (Trade license / Establishment / Sales Tax certificate/ SSI Registration)