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APPLICATION FORM FOR ALLAHABAD BANK
LOAN APPLICATION FOR PURCHASE OF CAR
   

The Asst. General Manager (Credit),
Allahabad Bank,
Head Office,
Calcutta-700001

Place :

Date   :

Dear Sir,

I request you to sanction a loan of Rs (Rupees only) for purchase of a new Car (Make) costing about Rs (Rupees only) from (Name of dealers/suppliers) for my bonafide use. In this connection I have obtained proforma invoice of the above mentioned dealer/supplier which shall be produced on request.

I wish to avail the car loan from your Designated Branches (Retail Banking Botique)
 where I shall produce the necessary documents/particulars on request.
1. i. Name of Applicant :
ii. Date of Birth :
Salaried Applicants Professionals and Self-employed Applicants
iii. Professional Data for Salaried Applicants:
a) Name & Address of Employer :
b) Date of Appointment :
c) Date of Superannuation :
d) Designation and place of posting :
e) I) Monthly Salary (Gross) :
II) Particulars of deductions
-Statutory deductions
(P/F, Income Tax etc)		 :
III) Other deductions :
TOTAL :
IV) Net amount of Salary drawn per month after allowing deductions :
f) PAN Number
iv. Professional Data for Professionals and Self-employed Applicants
a) Professional Qualification :
b) Past Experience :
c) Date of setting up the business/profession :
d) Past Income & Expenses:
I) Average monthly income in the past year :
II) Average monthly expenses :
III) Net savings per month (after tax) :
IV) Particulars of Income Tax Assessment :
e) PAN Number
v. Number of dependants :
vi. Residential Address with Telephone No.
(if any)		 :
vii. E-mail :
viii. Particulars of loan taken from the Bank previously
Limits (Rs.) :
Branch :
Amount of monthly Instalments (Rs.) :
Present outstanding (Rs.) :
ix) Are you currently holding a Credit Card : Yes
No
If Yes, Since when :
(dd/mm/yyyy)
Name of Bank/s :
2. I declare that I have read "Allahabad Bank Car Finance Scheme" and agree to abide by the conditions thereof and to complete the formalities mentioned therein and also under take to keep in my possession the vehicle and produce before the bank all Receipts, Cash Memos, Challans etc. in respect of the vehicle purchased by me out of the Bank’s loan.
3. I agree to furnish the following documents/particulars on request at the designated branch ( Indicate as appropriate ).
i) Proof of Salary : Latest salary slip
Latest Form 16 from employer
Last IT assessment order
ii) Proof of Residence : Copy of Ration Card
Copy of Election Commission's Identity Card
Copies of first six pages of valid Passport
Copy of driving licence
iii) Proof of Identity : Signature verification certificate from employer
Signature verification from Banker
iv) Photograph : 3 copies of passport size photographs
v) Details of proposed Guarantor(s)
Name :
Address :
Value of assets : Rs.
vi) Details of Collateral security offered
Mortgage of Immovable Property
Description of Immovable Property
a) Location & Address
:
b) Area of land sq. mts.
:
c) Valuation (Present market value of land and building)
:
d) Municipal/ Corporation Tax Receipt (Latest one)
:
e) Photograph of the property
:
Title of Property
a) Name
:
b) How acquired (Inherited or acquired)
:
Liquid Security
a) Fixed deposit Receipts (Face Value) : Rs.
:
b) National Savings Certificates (Face Value) : Rs.
:
c) Life Insurance Policy (Surrender Value) : Rs.
:
         
4. I hereby authorise you to debit my S.B.A/c No. with Rs. representing 15% of the cost of vehicle proposed to be purchased and pay the cost price of the vehicle direct to the suppliers/dealers to debit of my Pronote Account with the remaining 85% of the cost of vehicle. My above S.B.A/c. shall also be debited with Rs. towards the processing charges & upfront fees.
5. I undertake to repay the loan in months by monthly instalments as fixed by you, in which connection, I undertake to comply with the following requirement:
Opening of S.B.A/c with the Bank.
Authority to employer to deduct monthly instalments from my salary and to remit the same to the Branch for credit P/N A/c
Authority to debit the monthly instalments from my salary account maintained with the Branch
Submit post dated cheques.
   
I further declare that the information given in the application is true to the best of my knowledge and belief

Yours faithfully
Name of the Applicant