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The loan approval will
be subject to satisfactory verification of residence and
place of business/employment. |
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The loan approval will
subject to documentary proof of income, identity documents,
completed loan application form, exact nature of employment/business
type and bank statements. |
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Verification or re-verification
of any information contained in this application may be
made at any time by HDFC Bank, its agents and assigns,
either directly or through a credit reporting agency,
and this application will be retained by HDFC Bank, even
if the loan is not approved. |
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HDFC Bank, its agents
and assigns will rely on the information contained in
the application and applicant has a continuing obligation
to amend and supplement the information provided in this
application if any of the material facts stated herein
should change prior to closing. |
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Other relevant information
as requested by the bank's credit unit will be provided. |
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The loan disbursement
shall be subject to signing of formal application form,
loan agreement, PDCs,etc. All loans at the sole discretion
of HDFC Bank. |
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Registration Certificate-Important
advise
HDFC Bank is in no way responsible for the delivery of
the Registration Certificate. The Borrower shall submit
the certified true copy of the Registration Certificate
relevant to the vehicle for which the loan has been taken.The
registration certificate has to be submitted within 60
days of having taken delivery of the vehicle or 150 days
from the date of disbursal of the loan whichever is earlier.The
Borrower is also required to submit copy of the Insurance
policy as well as Invoice to the bank, within this period.
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Vehicle Delivery
The role of HDFC Bank is to be a finance provider to the
borrower and hence the Bank is not responsible for delay,
non-delivery or any defect, damage in quality and workmanship
of the Vehicle. The Bank is also not liable or responsible
in case of defect or dispute of any nature in the title
(even if the vehicle is found to be a stolen Vehicle)
or ownership of the Vehicle. |
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Loan cancellation
In case of loan cancellation requested by the Borrower,
in the event of non delivery of the vehicle,cancellation
charges as well as interest charges till the time the
refund of the loan is received from the dealer, will have
to borne by the Borrower. |
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Interstate NOCs
In the event of a Borrower requiring a NOC for purpose
of interstate registration,in the event of a transfer
of employment or any other reason,fees of Rs 500 along
with a refundable Fixed Deposit of Rs 5000 will be charged.It
will be the borrower's responsibility to provide the transferred
Registration certificate to the bank. |
