Summer Training Report on
Comparative study of Vehicle Loan of Co-
operative Bank and ICICI Bank.
A training report submitted in partial fulfillment of the requirement for the degree of
!ST"RS #$ B%SI&"SS !'I&ISTR!TI#&
()*+,-)*+-.
Submitted by:
Name of Student: Md Shabaz Ahmed
B! / II
Roll No.: 132562114
B!B! $!RI' C#LL"0" #$ !&!0""&T !&' T"C1&#L#02
DEON, BATHI NDA
1
!C3L"'0""&T
Through this page I woud i!e to tha"! a those perso"s whose wor!s ha#e heped me i" my
trai"i"g$
%irst o& a I woud i!e to tha"! my 'od be(ause "othi"g (oud ha#e bee" possibe without
the hep o& 'od$
A&ter that I i!e to tha"! Mr$ Ram Chand )bra"(h ma"ager*, who ga#e me a" opportu"ity to
do my trai"i"g i" their orga"izatio"$
I spe(iay tha"! to Mr$ +am ,ha"d, who pro#ide me his #ery good i"&ormatio"a guida"(e
a"d #auabe time$ He has reay heped a"d supported me a ot duri"g my trai"i"g$
I woud aso i!e to tha"!s my tea(her a"d my ma-or ad#isor o& this trai"i"g s. Baldeep
3aur who pro#ide me his pre(ious guida"(e a"d aways moti#ated me to ta(!e the
di&&i(uties$
A"d at ast I am grate&u to a those respo"de"ts a"d those perso"s who ha#e heped me
dire(ty or i"dire(ty by gi#i"g me #auabe i"&ormatio" a"d their time duri"g my trai"i"g$
This trai"i"g is .uite a ear"i"g e/perie"(e &or me, whi(h wi hep me throughout my i&e$
0ith i"(reasi"g my pro&essio"a .uai&i(atio"s through this e/perie"(e$ I aso get some
pro&essio"a tips$ This pra(ti(a trai"i"g heps me to ear" somethi"g out o& boo!s &rom the
s(hoo o& so(iety a"d rea i&e$
d Sha5a6 !hmed
2
Ta5le of Contents
Sl. &o. 7articular 7age &o.
1 I"trodu(tio" to Ba"!i"g 2
3 I"trodu(tio" to ,o4operati#e ba"! 15
6 I"trodu(tio" to the Bathi"da ,e"tra ,o4operati#e
Ba"!
13
7 I"trodu(tio" to I,I,I Ba"! 18
2 I"trodu(tio" to 9ehi(e
a" 36
8 %ees ; ,harges &or used #ehi(e oa" 7<
= ,o4operati#e Ba"! oa" s(heme 26
< I,I,I Ba"! 9ehi(e oa" pro(edure 2>
> Ob-e(ti#e o& the +esear(h 82
15 +esear(h Methodoogy 88
11 Data A"aysis a"d I"terpretatio" 8>
13 %i"di"g o& the Study 7> a"d
Ba"!i"g :aws ),o4operati#e So(ieties* A(t, 1>82$
,o4operati#e mo#eme"t is .uite we estabished i" I"dia$ The &irst egisatio" o" (o4
operatio" was passed i" 1>57$ I" 1>17 the Ma(age" (ommittee e"#isaged a three tier
stru(ture &or (o4operati#e ba"!i"g #iz$ ?rimary Agri(utura ,redit So(ieties )?A,s* at the
grass root e#e, ,e"tra ,o4operati#e Ba"!s at the distri(t e#e a"d State ,o4operati#e Ba"!s
at state e#e or Ape/ :e#e$ The &irst urba" (o4operati#e ba"! i" I"dia was &ormed "eary 155
years ba(! i" Baroda$
,o4operati#e I"stitutio"s are e"gaged i" a !i"ds o& a(ti#ities "amey produ(tio", pro(essi"g,
mar!eti"g, distributio", ser#i(i"g, a"d ba"!i"g i" I"dia a"d ha#e #ast a"d power&u
superstru(ture$ ,o4operati#e Ba"!s are importa"t (ogs i" this stru(ture$
I" the begi""i"g o& 35th (e"tury, a#aiabiity o& (redit i" I"dia, more parti(uary i" rura
areas, was amost abse"t$ Agri(utura a"d reated a(ti#ities were star#ed o& orga"ized,
i"stitutio"a (redit$ The rura &o! had to depe"d e"tirey o" the mo"ey e"ders, who e"t
o&te" at usurious rates o& i"terest$
The (o4operati#e ba"!s arri#ed i" I"dia i" the begi""i"g o& 35th ,e"tury as a" o&&i(ia e&&ort
to (reate a "ew type o& i"stitutio" based o" the pri"(ipes o& (o4operati#e orga"izatio" a"d
ma"ageme"t, suitabe &or probems pe(uiar to I"dia" (o"ditio"s$ These ba"!s were
(o"(ei#ed as substitutes &or mo"ey e"ders, to pro#ide timey a"d ade.uate short4term a"d
o"g4term i"stitutio"a (redit at reaso"abe rates o& i"terest$
I" the &ormati#e stage ,o4operati#e Ba"!s were Drba" ,o4operati#e So(ieties ru" o"
(ommu"ity basis a"d their e"di"g a(ti#ities were restri(ted to meeti"g the (redit
re.uireme"ts o& their members$ The (o"(ept o& Drba" ,o4operati#e Ba"! was &irst spet out
11
by Mehta Bha"sai ,ommittee i" 1>6> whi(h de&i"ed o" Drba" ,o4operati#e Ba"!$
?ro#isio"s o& Se(tio" 2 ),,9* o& Ba"!i"g +eguatio" A(t, 1>7> )as appi(abe to ,o4
operati#e So(ieties* de&i"ed a" Drba" ,o4operati#e Ba"! as a ?rimary ,o4operati#e Ba"!
other tha" a ?rimary ,o4operati#e So(iety was made appi(abe i" 1>88$
0ith gradua growth a"d aso gi#e" phiip with the e(o"omi( boom, urba" ba"!i"g se(tor
re(ei#ed treme"dous boost a"d started di#ersi&yi"g its (redit port&oio$ Besides gi#i"g
traditio"a e"di"g a(ti#ity meeti"g the (redit re.uireme"ts o& their (ustomers they started
(ateri"g to #arious sorts o& (ustomerBs #iz$ se&4empoyed, sma busi"essme" E i"dustries,
house &i"a"(e, (o"sumer &i"a"(e, perso"a &i"a"(e et($
T1" B!T1I&'! C"&TR!L C##7. B!&3.: B!T1I&'!
The Bathi"da ,e"tra ,o4operati#e Ba"! was registered o" 53$58$1>7>$ It was bi&ur(ated i"
two ba"!s due to (reatio" o& "ew distri(t Ma"sa i" 1>>6$ At time o& bi&ur(atio" this ba"! had
66 bra"(hes i" the Bathi"da Distri(t a&ter bi&ur(atio" ba"! has ope"ed 8 "ew bra"(hes$ The
ba"! is pro#idi"g #auabe ser#i(es to &armers, traders, go#t$ empoyees, Busi"essme" a"d
stude"ts et($
+egistratio": Ba"! was registered o" 53$58$1>7> #ide "o$ =2>
Membership o& a&&iiated so(ieties o" date 61$51$3517:>57
Status o& Board o& Ma"ageme"t: Ee(ted Board
12
em5ership
As per the aw o& the ba"!, a"y ,oop$ So(s$ +egistered i" area o& operatio" o& the ba"!, (a"
be(ome the member o& the ba"!$ The positio" o& membership o& the ba"!s as o" 61$56$5> is
as u"der:
Sr. &o. 7articulars &o. of Socs.
+ 7!CS +,+
) #ther !gri. ,?
, arketing Soc. -
> Inds. Socs. ?>
- #ther Socs. +?@
Total >>>
Status of Board of anagement; "lected Board
List of 3ey 7ersonal
Sr$
No$
Name Desig"atio" Teepho"e Number
13
1 Sh.9asvir Singh Brar ,hairma" O&&i(e: 51874
2553656
3 Sh. 9agdish Singh Sidhu
Ma"agi"g
Dire(tor
O&&i(e: 51874
255365<
6
rs. 0eetika ani
Distt$ Ma"ager O&&i(e: >>5J o& the (ost o& the 9EHI,:E, but sti pay a higher EMI )a"d
higher i"terest* be(ause the EMI is (a(uated o" 155J o& the amou"tR
9erdi(t: This is agai" o"y a mar!eti"g gimmi(!, so a#oidR
1ire 7urchase
Apart &rom the margi" mo"ey s(heme, this is a"other optio" o& &i"a"(i"g your #ehi(e
pur(hase$ Here, the &i"a"(ia i"stitutio" a(tuay buys the 9EHI,:E o" your beha&, a"d you
ThireU the 9EHI,:E &rom the i"stitutio"$ D"der the agreeme"t, you Tpur(haseU the
9EHI,:E &rom the &i"a"(ia i"stitutio" at the e"d o& the term o& the agreeme"t$ It shoud be
"oted that this amou"t is usuay #ery ow P it (a" be as ow as +e$ 1R The Hire ?ur(hase
optio" &or &i"a"(i"g a" 9EHI,:E is usuay o&&ered by No" Ba"!i"g %i"a"(ia ,ompa"ies
)NB%,s*$
!dvantages to Self "mployed A Businesses:
37
I& you are se& empoyed a"d buy a 9EHI,:E through Hire ?ur(hase, you (a" (aim the
i"terest paid o" this oa" as a" e/pe"se whi(h (a" be dedu(ted &rom your ear"i"gs$ Simiary,
you (a" (aim depre(iatio" o" the 9EHI,:E as a" e/pe"se$
Lease
This is a"other optio" &or &i"a"(i"g the pur(hase o& your 9EHI,:E$ Here, the ba"! ow"s the
9EHI,:E$ The ba"! )(aed the :essor* eases it to you )(aed the :essee* &or a &i/ed
mo"thy amou"t$ At the e"d o& the ease, you ha#e a" optio" to buy the 9EHI,:E at a
predetermi"ed pri(e$
:eases are aso usuay o&&ered by NB%,s$
!dvantages to Self "mployed A Businesses:
I& you are se& empoyed a"d ease a" 9EHI,:E, you (a" (aim the e"tire ease amou"t as a"
e/pe"se whi(h (a" be dedu(ted &rom your ear"i"gs$ But si"(e the 9EHI,:E is ow"ed by the
ba"!, a"d "ot you, you (a""ot (aim depre(iatio" o" the 9EHI,:E as a" e/pe"se$
V"1ICL" A V"1ICL" L#!& 7L!2"RS
A the ma-or ba"!s a"d NB%,s o&&er #ehi(e E 9EHI,:E oa"s$ Some promi"e"t #ehi(e
oa" pro#iders are:
• I,I,I Ba"!
• HD%, Ba"!
38
• State Ba"! o& I"dia )SBI*
• ,e"turio" Ba"! o& ?u"-ab )At prese"t Merge with HD%, Ba"!*
C#&'ITI#&S $#R V"1ICL" L#!&
V"1ICL" L#!&
&"4 V"1ICL" L#!&
$"!T%R"S I B"&"$ITS
39
• ,o#ers the widest ra"ge o& 9EHI,:E s a"d muti4utiity #ehi(es i" I"dia$
• A#ai +**H finance o" your &a#orite 9EHI,:E$ HH
• %e/ibe repayme"t optio"s, ra"gi"g &rom 13 to ? hours$
• +epay with easy EMIs$
• !ttractive V"1ICL" loan plans 4 To $astrack your loan, -ust (hoose the pa" that is
right &or you$
• Attra(ti#e I"terest rates
• Hasse4&ree do(ume"tatio"$
Customer 7rivileges
• I& you are a" MACO+ Ba"! account holder, we ha#e spe(ia rates &or you$
• I& you ha#e had a 7referred !ccount or a Corporate Salary !ccount with MACO+
Ba"! &or more tha" si/ mo"ths, you (a" get &ast appro#as o" your oa"s with mi"ima
do(ume"tatio"$
• I& you are a" e/isti"g MACO+ Ba"! V"1ICL" Loan customer with a (ear repayme"t
o& 13 mo"ths or more we (a" Top-%p your V"1ICL" loan to the eBtent of the
original loan value$
• Vehicle Loan Takeover 7lan
I& you are a saaried i"di#idua hodi"g a"y o& the (redit ,ards me"tio"ed beow, your oa"
gets pro(essed &aster$
ReGuirements;
? %a(iity is a#aiabe to o"y MACO+ ba"! a((ou"t hoders ),ASA*$
40
? A terms a"d (o"ditio"s appi(abe &or the used 9EHI,:E produ(t are appi(abe &or
the
a" ta!e o#er produ(t$
? Mi"imum > mo"th od oa" with a"y appro#ed %i"a"(ier with (ear repayme"t tra(!
re(ord
!dvantage platinum Credit Card 7lan
I& you are a saaried i"di#idua hodi"g a"y o& the (redit ,ards me"tio"ed beow, your oa"
gets pro(essed &aster$
• MACO+ Ba"! I"ter"atio"a ,redit ,ard
• ,itiba"! 'od
• ,itiba"! Di"ers
• HSB, 'od
• ANS 'ri"d ays 'od
• Ameri(a" E/press 'od ,ard
• Ameri(a" E/press ,harge ,ard
• Sta"dard ,hartered 'od
ReGuirements;
Kour ,ard has to be at east o"e year od$
? Kou "eed to submit the ast two bii"g stateme"ts$
? Sma 9EHI,:E s, "orma &u"di"g up to three years$
41
? %u"di"g o" premium 9EHI,:E s restri(ted to =5J u"der this pa"$
? The pa" does "ot i"(ude muti4utiity #ehi(es$
? ,o"tra(t (opy a"d saary sip o& N+I$
? E"dorseme"t o" passport &or ast 6 years$
? ?roo& o& ow"ership o& property$
? ?ost4dated (he.ues must be &rom the reside"t a((ou"t o& the borrower$
&o Income-'ocument Loan 7lan
? Now, you (a" get a 9EHI,:E oa" without proo& o& i"(ome$
? D"der this s(heme, you get the oa" amou"t up to 85J o& the 9EHI,:E i"#oi(e
#aue$
? The te"ure o& oa" (a" be a ma/imum o& 6 years$
+**H Loan 7lan Cith $iBed 'eposit Lien
This aows you to ta!e a oa" agai"st your deposit at MACO+ Ba"!$
? Kou (a" get a oa" &or 155J o& the i"#oi(e #aue amou"t with the re.uired margi"
pa(ed as a &i/ed deposit i" MACO+ Ba"!$
? :ie" is mar!ed o" the spe(i&ied deposit$ I"stame"ts (a" be paid separatey or out o&
the deposit )i& deposit is arge e"ough*$
&RI Loans
42
N+Is (a" a#ai o& "ew 9EHI,:E oa"s &rom MACO+ Ba"! &or the use o& the #ehi(es by
their reati#es i" I"dia$ Additio"a do(ume"ts re.uired are as &oows :
? ,o"tra(t (opy a"d saary sip o& N+I$
? E"dorseme"t o" passport &or ast 6 years$
? ?roo& o& ow"ership o& property$
? ?ost4dated (he.ues must be &rom the reside"t a((ou"t o& the borrower$
7ast re-payment history
? ?a" &or (ustomers who ha#e ta!e" a" 9EHI,:E oa" a"d ha#e repaid that oa" &uy
without a"y out sta"di"gs$
? ,redit appro#a o" the basis o& past re4payme"t re(ord$
!pproval 7lan
I& you ha#e a MACO+ Ba"! ?re&erred A((ou"t or a ,orporate Saary A((ou"t with MACO+
Ba"! &or more tha" si/ mo"ths, you (a" get &ast appro#as o" your oa"s with mi"ima
do(ume"tatio"
!dvantages
4 Speedy pro(essi"g withi" 7< hours$
4 ,o#er the wider ra"ge o& 9EHI,:E s a"d muti4utiity #ehi(es i" I"dia
4 %i"a"(e up to >5J o& its i"#oi(e #aue$
4 %e/ibe repayme"t optio"s4 13 to 18 mo"ths period$
4
wer i"terest rates$
4 Hasse &ree do(ume"tatio"4?repayme"t
4 A"ytime a&ter 8 mo"ths at sma (harge$
43
"LI0IBILIT2 I '#C%"&T!TI#&
Salaried Individuals
"ligi5ility Criteria;
? Mi"imum age o& Appi(a"t: 31 years
? Ma/imum age o& Appi(a"t at oa" maturity: 2< years
? Mi"imum empoyme"t: 1 year i" (urre"t empoyme"t a"d mi"imum 3 years o&
empoyme"t
? Mi"imum A""ua I"(ome: +s 155555 "et a""ua i"(ome
'ocuments reGuired;
? ?roo& o& Ide"tity:4 ?assport (opy, ?AN ,ard, 9oters Id 9EHI,:E , dri#i"g
i(e"se) :ami"ated, +e(e"t, :egibe*
? I"(ome ?roo&: 4 :atest saary sip with &orm 18$
? Address ?roo&:4 +atio" ,ardEDri#i"g i(e"seE9oters ,ardEpassport (opyEteepho"e biE
ee(tri(ity biE:i&e i"sura"(e poi(y ?AN ,ard$
? Ba"! Stateme"t:4 Not ma"datory
Self "mployed
"ligi5ility Criteria;
? Mi"imum age o& Appi(a"t: 31 years
44
? Ma/imum age o& Appi(a"t at oa" maturity: 82 years
? Mi"imum empoyme"t: At east 6 years i" busi"ess
? Mi"imum A""ua I"(ome: Net pro&it +s$ 85555 p$a &or sta"dard 9EHI,:E s a"d
+s$155555 p$a$ &or mid4sized a"d premium 9EHI,:E s
? Teepho"e: Must at reside"(e
'ocuments reGuired;
? ?roo& o& Ide"tity:4 ?assport (opy, ?AN ,ard, 9oters Id 9EHI,:E , dri#i"g i(e"se
) :ami"ated, +e(e"t, :egibe*
? I"(ome ?roo&:4 :atest IT+
? Address ?roo&:4 +atio" ,ardEDri#i"g i(e"seE9oters ,ardEpassport (opyEteepho"e biE
ee(tri(ity biE:i&e i"sura"(e poi(y ?AN ,ard
? Ba"! Stateme"t: 4 0ai#ed &or sma 9EHI,:E s, &or mid 4 sized a"d premium 9EHI,:E
s i& i"(ome is greater tha" +s$ 1$2 a(!s the" ba"! stateme"t re.uireme"t (a" be wai#ed$
7artnership $irms
"ligi5ility Criteria;
? Mi"imum I"(ome: Net pro&it +s$ 85555 p$a &or sta"dard 9EHI,:E s a"d +s$155555 p$a$
&or mid4sized a"d premium 9EHI,:E s
? Mi"imum tur"o#er: Tur"o#er +s$ 7$2 a(!s
? Teepho"e: O"e pho"e at east at busi"ess a"d at reside"(e o& the oa" e/e(uti"g part"er
45
'ocuments reGuired;
? ?roo& o& Ide"tity:4 NA
? I"(ome ?roo&:4 Audited baa"(e sheet, ?ro&it ;
ss A((ou"t &or atest two years a"d the
atest 3 years IT retur"s o& the (ompa"y
? Address ?roo&:4 Teepho"e BiEEe(tri(ity BiEShop ; Estabishme"t A(t (erti&i(ateESSI
registered (erti&i(ateESaes Ta/ (erti&i(ate
? Ba"! Stateme"t:4 0ai#ed &or sma 9EHI,:E s, &or mid 4 sized a"d premium 9EHI,:E
s i& i"(ome Is greater tha" +s 1$2 a(!s the" ba"! stateme"t re.uireme"t (a" be wai#ed
7rivate Limited Company
"ligi5ility Criteria;
? Mi"imum I"(ome: Net pro&it +s$ 85555 p$a &or sta"dard 9EHI,:E s a"d +s$155555 p a
&or mid4sized a"d premium 9EHI,:E s
? Mi"imum tur"o#er: Tur"o#er +s 7$2 a(!s
? Teepho"e: O"e pho"e at east at busi"ess premises
'ocuments reGuired;
? ?roo& o& Ide"tity:4 NA
46
? I"(ome ?roo&:4 Audited baa"(e sheet, ?ro&it ;
ss A((ou"t &or atest two years a"d the
atest 3 years IT retur"s o& the (ompa"y
? Address ?roo&:4 Teepho"e BiEEe(tri(ity BiEShop ; Estabishme"t A(t (erti&i(ateESSI
registered (erti&i(ateESaes Ta/ (erti&i(ate
? Ba"! Stateme"t:4 NA
7u5lic Limited Company
"ligi5ility Criteria;
? Mi"imum I"(ome: Net pro&it +s$ 85555 p$a &or sta"dard 9EHI,:E s a"d +s$155555 p a
&or mid4sized a"d premium 9EHI,:E s
? Mi"imum tur"o#er: Tur"o#er +s 7$2 a(!s
? Teepho"e: O"e pho"e at east at busi"ess premises
'ocuments reGuired;
? ?roo& o& Ide"tity:4 NA
? I"(ome ?roo&:4 Audited baa"(e sheet, ?ro&it ;
ss A((ou"t &or atest two years
? Address ?roo&:4 Teepho"e BiEEe(tri(ity BiEShop ; Estabishme"t A(t (erti&i(ateESSI
registered (erti&i(ateESaes Ta/ (erti&i(ate
? Ba"! Stateme"t:4 NA
47
'ocuments Salaried
individual
Self
employed
7artnership 7vt.
Ltd. Co.
7u5lic
Ltd. Co.
7roof of
Identity
? ? ? NA NA
Income proof ? ? ? ? ?
!ddress
7roof
? ? ? ? ?
Bank
Statement
? ? ? ? ?
48
%S"' V"1ICL" L#!&
Today used 9EHI,:E o& reiabe .uaity ; good #aue &or mo"ey is a#aiabe$
$"!T%R"S I B"&"$ITS
? ,hoose a"y 9EHI,:E ma"u&a(tured i" I"dia withi" a (ertai" ageH$
? Borrow up to ?*H of the value of the V"1ICL".
? %e/ibe repayme"t optio"s, ra"gi"g &rom 13 to 85 mo"ths$
? Borrow up to , times your annual salary )&or saaried pro&essio"as* a"d @ times your
annual income )&or se& empoyed pro&essio"as* HH$
? A#aiabe &or amost a 9EHI,:E modes at attra(ti#e i"terest rates$
? +epay with easy EMIs$
? !ttractive V"1ICL" loan plans 4 To $ast5ack your loan, -ust (hoose the pa" that is
right &or you$
? !dditional loan on eBisting loan 4 I& you are a" e/isti"g MACO+ Ba"! 9ehi(e oa"
(ustomer with a (ear tra(! re(ord o& 13 mo"ths or more, the" you (a" get a" additio"a
oa" to the e/te"t o& your e/isti"g oa" amou"t at attra(ti#e rate o& i"terest$
Customer 7rivileges
? Spe(ia be"e&its &or MACO+ Ba"! a((ou"t hoders$
? I& you ha#e had a ?re&erred A((ou"t or a ,orporate Saary A((ou"t with MACO+ Ba"!
&or more tha" si/ mo"ths, you (a" get &ast appro#as o" your oa"s with mi"ima
do(ume"tatio"$
H Age o& 9EHI,:E at oa" maturity shoud "ot (ross 15 years sub-e(t to ma/imum oa"
te"ure o& 85 mo"ths$
HHThis woud aso #ary with higher oa" #aue
49
$""S I C1!R0"S $#R %S"' V"1ICL" L#!&S
'escription of charges %sed V"1ICL" Loans
,he.ue bou"(i"g (harges +s$ 725
%, ,harges
8J o& ?OS &or pre(osures withi" 1 year &rom 1st
EMI
2J o& ?OS &or pre(osures withi" 16437 mo"ths &rom
1st EMI
6J o& ?OS &or pre(osures post 37 mo"ths &rom 1st
EMI
No &ore(osure aowed withi" 8 mo"ths &rom date o&
a#aii"g the 9EHI,:E oa"$
Stamp Duty At a(tua
:ate ?ayme"t ?e"aty 3J per mo"th
?ro(essi"g &ees Dsed 9EHI,:E s 43J o& oa" amou"t or +s$2555E4,
whi(he#er is ower
9EHI,:E 4"4(ash E Baa"(e Tra"s&er 4 3J o&
a"
amou"t or +s$7555E4, whi(he#er is ower
Agri E?S: ,harges +s 3555
,he.ue swappi"g (harges +s 255E4
a" (a"(eatio" E re4boo!i"g
(harges
+s 1555E4
Bou"(e ,he.ue ,harges +s 725E4
Stateme"t ,harges )per stateme"t* +s 255E4
Dupi(ate +epayme"t S(hedue
(harges
+s 255E4
:ega, +epossessio" ; I"(ide"ta
(harges
At a(tua
50
Dupi(ate "o due (erti&i(ate E NO, +s 255E4
Tra"sa(tio" &ees &or Sura!sha
Ia#a(h
+s 255E4 per (ase
$!STR!C3 2#%R L#!& 4IT1 #%R !TTR!CTIV" V"1ICL" L#!& 7L!&S
Credit Card 7lan
I& you are a saaried I"di#idua E se&4empoyed E proprietor a"d hod a"y o& the ,ards
me"tio"ed beow, your oa" re.uest gets pro(essed &aster tha" "orma$
? ,itiba"! 'od
? ,itiba"! Di"ers
? HSB, 'od
? ANS 'ri"d ays 'od
? Ameri(a" E/press 'od ,ard
? Ameri(a" E/press ,harge ,ard
? Sta"dard ,hartered 'od
? MACO+ Ba"! I"ter"atio"a ,redit ,ard
Submit your (redit ,ard stateme"ts i" pa(e o& i"(ome do(ume"ts to a#ai o& Dsed 9EHI,:E
a"s
51
ReGuirements;
? Kour ,ard has to be at east o"e year od$
? Kou "eed to submit the ast two bii"g stateme"ts$
? The pa" does "ot i"(ude muti4utiity #ehi(es )Tata #ehi(es, Mahi"dra #ehi(es,
et(*$
&RI Loans
N+Is (a" a#ai o& Dsed 9EHI,:E
a"s &rom MACO+ Ba"!, &or use o& the #ehi(es by their
reati#es i" I"dia$ Additio"a do(ume"ts re.uired are as &oows:
? ,o"tra(t (opy a"d saary sip o& N+I$
? E"dorseme"t o" passport &or ast 6 years$
? ?roo& o& ow"ership o& property$
? ?ost4dated (he.ues must be &rom the reside"t a((ou"t o& the borrower$
&o Income-'ocument Loan 7lan
Now, you (a" get a 9EHI,:E oa" without proo& o& i"(ome$
? D"der this s(heme, you (a" get the oa" amou"t up to 82J &or 6 years a"d upto 85J
&or 2 years o" the #aue o& the 9EHI,:E$
81 a"d the +ues &ramed there u"der$
Rule &o.+> The borrower shoud gi#e a" u"derta!i"g stati"g that a the terms a"d
(o"ditio"s stipuated by the Ba"! whie sa"(tio"i"g the oa" a"d those
(o"ditio"s that may be stipuated i" &uture by the ba"! are a((eptabe to him$
55
Second 1and Vehicle Loan SchemeK
I" the moder" era there is a hea#y dema"d &or pur(hase o& se(o"d ha"d #ehi(es a"d the
ba"!s ha#e surpus oa"4abe &u"ds to di#ersi&y the oa" port&oio a"d to pro#ide &i"a"(ia
assista"(e to the borrowers &or pur(hase o& se(o"d ha"d #ehi(e, this s(heme has bee"
di#ersi&ied$
Short title: eBtent and commencement;-
a$ This s(heme may be (aed WSe(o"d Ha"d 9ehi(e
a" S(hemeB to i"di#idua soe
proprietor pro&essio"a a"d part"ership (o"(er" residi"g i" the area o& operatio" o& the
e"di"g ba"! by the State a"d ,e"tra Ba"!s as the (ase may be$
b$ The s(heme sha be impeme"ted through the bra"(hes o& the State a"d ,e"tra ,oop$
Ba"!s i" DT a"d i" the State o& ?u"-ab$
($ It sha (ome i"to &or(e &rom the date o& appro#a by the +egistrar ,oop$ So(ieties ?u"-ab
,ha"digarh$
d$ The #ehi(e to be pur(hased by the oa"ee shoud "ot be more tha" 6 years od, shoud be
a((ide"t &ree, o"e time road ta/ paid, beari"g +egistratio" Number o& D$T$ ,ha"digarh or
the State o& ?u"-ab.
7urpose: 4
a" sha be ad#a"(ed &or the pur(hase o& se(o"d ha"d #ehi(e su(h as (ar, -eep,
sumo, .uais, et($ &or perso"aEpubi( use$
"ligi5ility; - A" i"di#idua, soe proprietor, pro&essio"a a"d part"ership (o"(er" residi"g i"
the area o& operatio" ha#i"g perma"e"t a((ou"t "umber pro#ided by the I"(ome Ta/
authority i" urba" areas a"d i" (ase o& rura area ha#i"g at east 2 a(res o& agri(uture a"d
56
a"d shoud "ot be de&auter$ The appi(a"t wi be e"roed as "omi"a member o& the ba"!
u"der the A(t, +ues a"d Bye4aws$
Fuantum of Loan; - The .ua"tum o& oa" sha depe"d upo" the mode a"d prese"t #aue o&
the #ehi(e$ ?rese"t #aue sha be the #aue as pro#ided by Sah ; Sa"ghi i" the (urre"t pri(e
I"de/ a"d aso a#aiabe o" 0ebsite htpp$wwwautomarti"dia$(omESah ; Sa"ghi pri(e i"de/$
asp or the #aue appro#ed by the registered sur#eyor o& a"y 'I, with the (o"ditio" that the
i"surer has to get i"sura"(e (o#er &rom the (o"(er"ed I"sura"(e ,ompa"y o" whose ist the
"ame o& the sur#eyor appears, whi(h is owest sha be the .ua"tum o& oa"$ The ma/imum
oa" amou"t sha be +s$2 a(!s or =2J o& the assessed pri(e o& the #ehi(e whi(he#er is ess$
Interest; - At prese"t rate o& se(o"d ha"d #ehi(e oa" is 16J a"d &urther it sha be
determi"ed by &i"a"(i"g ba"! &rom time to time a"d debited to oa" a((ou"t$ I"terest is
(harged as (o"tra(t made with the oa"ee$ ?e"a i"terest V 3J o#er a"d abo#e the "orma
rate sha be (harged i" (ase o& de&aut, o" the de&aut amou"t &or the de&aut period$ 5$2J
(o"(essio" is aowed to wome"
7eriod of LoanARepayment of Loan: 4 Ma/imum period o& oa" sha be &i#e years$
+epayme"t o& the oa" sha, be i" mo"thy e.uated i"stame"t$ I" (ase o& urba" borrowers
a"d ha& yeary e.uated i" (ase o& rura borrowers due o" 65
th
Cu"e a"d 61
st
De(ember$
Moratorium period o& o"e mo"th sha be aowed u"der the s(heme$
Security; - The se(urity &or the oa" is 1
st
Hypothe(atio" o& the 9ehi(e i" the "ame o& the
ba"! e"tered i" +, o& the #ehi(e$ Two good sureties residi"g i" area o& operatio" o& the ba"!
a"d ha#i"g a ?AN ,ard i" (ase o& urba" areas a"d two sureties o& the status o& borrower i"
(ase o& rura area$ The sureties sha be e"roed as "omi"a member o& the ba"! u"der the
A(t$
57
#R
A (oatera se(urity to the e/te"t o& 155J o& oa" i" the shape o& assig"me"t o& i&e i"sura"(e
poi(y, pedge o& NS,s, I9?s, Term Deposits o& ow" ba"!, i" (ase the borrower is "ot
wii"g to gi#e sureties$
'is5ursal of Loan; - The oa" wi be disbursed a&ter the appraisa o& a ega do(ume"tatio"
(ompeted a"d borrower ha#i"g deposited his share o& margi" i" the SB a((ou"t$ The
disburseme"t wi be third party payme"t by way o& ba"!er (he.ueEDema"d Dra&t i" the
"ame o& the seer )ow"er o& the #ehi(e* dei#ered through a"d u"der re(eipt &rom borrower.
$ee and #ther Charges; - A pro(essi"g &ee o& 5$32J o& the oa" amou"t sa"(tio"ed sha be
(harged$
'ocumentation; -
1$ Ide"tity proo&
3$ +eside"tia proo&
6$ Two se& attested re(e"t passport size photographs o& the appi(a"t a"d sureties ea(h$
7$ ?hoto(opy o& the ?AN
2$ ,opy o& I"(ome Ta/ +etur" &or ast three years duy a(!"owedged by ITO
8$ ?hoto(opy o& the Dri#i"g :i(e"se
=$ A photo(opy o& the +, o& the 9ehi(e a"d (ase o& rura peope (opy o& %ard,
Camaba"di$
58
$
a" agreeme"t
15$ D? Note
11$ Hypothe(atio" deedE,oatera Se(urityEAgreeme"t Bo"d &rom Sureties$
13$ Agreeme"t o& Sae$
16$ ,erti&i(ate o& prese"t #aue o& (ar assessed by Sur#eyor o& (ompa"y guide or as
determi"ed o" the basis o& guidei"es o& the ?u"-ab 'o#t$ o" the Sub-e(t$
Insurance: 4 ,omprehe"si#e i"sura"(e i" the -oi"t "ames o& the borrower a"d the ba"! sha
be made at the (ost o& the borrower$ I" (ase o& de&aut ba"! wi be at iberty to get a poi(y
re"ewed by debiti"g to oa" a((ou"t o& the borrower$
'ispute; - I& at a"y stage a"y dispute raised, it sha be settedEre&erred &or arbitratio" u"der
the pro#isio"s o& ?u"-ab ,oop$ So(ieties A(t$ 1>81 a"d rues &rames there u"der a"d bye4aws
o& the ba"!
59
ICICI B!&3 V"1ICL" L#!& 7R#C"'%R"
T4# 41""L"R L#!&
!dvantages
4 Speedy oa" appro#a
4
a" up to >6, p$76>
4"BSIT"S
1$ http:EEwww$"ios$a($i"ESe(bus(ourE12$pd&
3$ http:EE&i"a"(e$i"diamart$(omEi"#estme"tYi"Yi"diaEba"!i"gYi"Yi"dia$htm
6$ http:EEe"$wi!ipedia$orgEwi!iEBa"!i"gYi"YI"dia
7$ http:EEwww$ba"!"eti"dia$(omEba"!i"gEb&u"($htm
2$ http:EEwww$(apitamar!et$(omE,MEditES%ArtDis$aspQS%SNOF628;S%ESNOF1>
8$ http:EEwww$ba"!"eti"dia$(omEba"!i"gEu(b$htm
=$ http:EEwww$mo"eyguidei"dia$(omEwhat4are4(o4operati#e4ba"!sE
Comparative study of Vehicle Loan of Co-
operative Bank and ICICI Bank.
A training report submitted in partial fulfillment of the requirement for the degree of
!ST"RS #$ B%SI&"SS !'I&ISTR!TI#&
()*+,-)*+-.
Submitted by:
Name of Student: Md Shabaz Ahmed
B! / II
Roll No.: 132562114
B!B! $!RI' C#LL"0" #$ !&!0""&T !&' T"C1&#L#02
DEON, BATHI NDA
1
!C3L"'0""&T
Through this page I woud i!e to tha"! a those perso"s whose wor!s ha#e heped me i" my
trai"i"g$
%irst o& a I woud i!e to tha"! my 'od be(ause "othi"g (oud ha#e bee" possibe without
the hep o& 'od$
A&ter that I i!e to tha"! Mr$ Ram Chand )bra"(h ma"ager*, who ga#e me a" opportu"ity to
do my trai"i"g i" their orga"izatio"$
I spe(iay tha"! to Mr$ +am ,ha"d, who pro#ide me his #ery good i"&ormatio"a guida"(e
a"d #auabe time$ He has reay heped a"d supported me a ot duri"g my trai"i"g$
I woud aso i!e to tha"!s my tea(her a"d my ma-or ad#isor o& this trai"i"g s. Baldeep
3aur who pro#ide me his pre(ious guida"(e a"d aways moti#ated me to ta(!e the
di&&i(uties$
A"d at ast I am grate&u to a those respo"de"ts a"d those perso"s who ha#e heped me
dire(ty or i"dire(ty by gi#i"g me #auabe i"&ormatio" a"d their time duri"g my trai"i"g$
This trai"i"g is .uite a ear"i"g e/perie"(e &or me, whi(h wi hep me throughout my i&e$
0ith i"(reasi"g my pro&essio"a .uai&i(atio"s through this e/perie"(e$ I aso get some
pro&essio"a tips$ This pra(ti(a trai"i"g heps me to ear" somethi"g out o& boo!s &rom the
s(hoo o& so(iety a"d rea i&e$
d Sha5a6 !hmed
2
Ta5le of Contents
Sl. &o. 7articular 7age &o.
1 I"trodu(tio" to Ba"!i"g 2
3 I"trodu(tio" to ,o4operati#e ba"! 15
6 I"trodu(tio" to the Bathi"da ,e"tra ,o4operati#e
Ba"!
13
7 I"trodu(tio" to I,I,I Ba"! 18
2 I"trodu(tio" to 9ehi(e

8 %ees ; ,harges &or used #ehi(e oa" 7<
= ,o4operati#e Ba"! oa" s(heme 26
< I,I,I Ba"! 9ehi(e oa" pro(edure 2>
> Ob-e(ti#e o& the +esear(h 82
15 +esear(h Methodoogy 88
11 Data A"aysis a"d I"terpretatio" 8>
13 %i"di"g o& the Study 7> a"d
Ba"!i"g :aws ),o4operati#e So(ieties* A(t, 1>82$
,o4operati#e mo#eme"t is .uite we estabished i" I"dia$ The &irst egisatio" o" (o4
operatio" was passed i" 1>57$ I" 1>17 the Ma(age" (ommittee e"#isaged a three tier
stru(ture &or (o4operati#e ba"!i"g #iz$ ?rimary Agri(utura ,redit So(ieties )?A,s* at the
grass root e#e, ,e"tra ,o4operati#e Ba"!s at the distri(t e#e a"d State ,o4operati#e Ba"!s
at state e#e or Ape/ :e#e$ The &irst urba" (o4operati#e ba"! i" I"dia was &ormed "eary 155
years ba(! i" Baroda$
,o4operati#e I"stitutio"s are e"gaged i" a !i"ds o& a(ti#ities "amey produ(tio", pro(essi"g,
mar!eti"g, distributio", ser#i(i"g, a"d ba"!i"g i" I"dia a"d ha#e #ast a"d power&u
superstru(ture$ ,o4operati#e Ba"!s are importa"t (ogs i" this stru(ture$
I" the begi""i"g o& 35th (e"tury, a#aiabiity o& (redit i" I"dia, more parti(uary i" rura
areas, was amost abse"t$ Agri(utura a"d reated a(ti#ities were star#ed o& orga"ized,
i"stitutio"a (redit$ The rura &o! had to depe"d e"tirey o" the mo"ey e"ders, who e"t
o&te" at usurious rates o& i"terest$
The (o4operati#e ba"!s arri#ed i" I"dia i" the begi""i"g o& 35th ,e"tury as a" o&&i(ia e&&ort
to (reate a "ew type o& i"stitutio" based o" the pri"(ipes o& (o4operati#e orga"izatio" a"d
ma"ageme"t, suitabe &or probems pe(uiar to I"dia" (o"ditio"s$ These ba"!s were
(o"(ei#ed as substitutes &or mo"ey e"ders, to pro#ide timey a"d ade.uate short4term a"d
o"g4term i"stitutio"a (redit at reaso"abe rates o& i"terest$
I" the &ormati#e stage ,o4operati#e Ba"!s were Drba" ,o4operati#e So(ieties ru" o"
(ommu"ity basis a"d their e"di"g a(ti#ities were restri(ted to meeti"g the (redit
re.uireme"ts o& their members$ The (o"(ept o& Drba" ,o4operati#e Ba"! was &irst spet out
11
by Mehta Bha"sai ,ommittee i" 1>6> whi(h de&i"ed o" Drba" ,o4operati#e Ba"!$
?ro#isio"s o& Se(tio" 2 ),,9* o& Ba"!i"g +eguatio" A(t, 1>7> )as appi(abe to ,o4
operati#e So(ieties* de&i"ed a" Drba" ,o4operati#e Ba"! as a ?rimary ,o4operati#e Ba"!
other tha" a ?rimary ,o4operati#e So(iety was made appi(abe i" 1>88$
0ith gradua growth a"d aso gi#e" phiip with the e(o"omi( boom, urba" ba"!i"g se(tor
re(ei#ed treme"dous boost a"d started di#ersi&yi"g its (redit port&oio$ Besides gi#i"g
traditio"a e"di"g a(ti#ity meeti"g the (redit re.uireme"ts o& their (ustomers they started
(ateri"g to #arious sorts o& (ustomerBs #iz$ se&4empoyed, sma busi"essme" E i"dustries,
house &i"a"(e, (o"sumer &i"a"(e, perso"a &i"a"(e et($
T1" B!T1I&'! C"&TR!L C##7. B!&3.: B!T1I&'!
The Bathi"da ,e"tra ,o4operati#e Ba"! was registered o" 53$58$1>7>$ It was bi&ur(ated i"
two ba"!s due to (reatio" o& "ew distri(t Ma"sa i" 1>>6$ At time o& bi&ur(atio" this ba"! had
66 bra"(hes i" the Bathi"da Distri(t a&ter bi&ur(atio" ba"! has ope"ed 8 "ew bra"(hes$ The
ba"! is pro#idi"g #auabe ser#i(es to &armers, traders, go#t$ empoyees, Busi"essme" a"d
stude"ts et($
+egistratio": Ba"! was registered o" 53$58$1>7> #ide "o$ =2>
Membership o& a&&iiated so(ieties o" date 61$51$3517:>57
Status o& Board o& Ma"ageme"t: Ee(ted Board
12
em5ership
As per the aw o& the ba"!, a"y ,oop$ So(s$ +egistered i" area o& operatio" o& the ba"!, (a"
be(ome the member o& the ba"!$ The positio" o& membership o& the ba"!s as o" 61$56$5> is
as u"der:
Sr. &o. 7articulars &o. of Socs.
+ 7!CS +,+
) #ther !gri. ,?
, arketing Soc. -
> Inds. Socs. ?>
- #ther Socs. +?@
Total >>>
Status of Board of anagement; "lected Board
List of 3ey 7ersonal
Sr$
No$
Name Desig"atio" Teepho"e Number
13
1 Sh.9asvir Singh Brar ,hairma" O&&i(e: 51874
2553656
3 Sh. 9agdish Singh Sidhu
Ma"agi"g
Dire(tor
O&&i(e: 51874
255365<
6
rs. 0eetika ani
Distt$ Ma"ager O&&i(e: >>5J o& the (ost o& the 9EHI,:E, but sti pay a higher EMI )a"d
higher i"terest* be(ause the EMI is (a(uated o" 155J o& the amou"tR
9erdi(t: This is agai" o"y a mar!eti"g gimmi(!, so a#oidR
1ire 7urchase
Apart &rom the margi" mo"ey s(heme, this is a"other optio" o& &i"a"(i"g your #ehi(e
pur(hase$ Here, the &i"a"(ia i"stitutio" a(tuay buys the 9EHI,:E o" your beha&, a"d you
ThireU the 9EHI,:E &rom the i"stitutio"$ D"der the agreeme"t, you Tpur(haseU the
9EHI,:E &rom the &i"a"(ia i"stitutio" at the e"d o& the term o& the agreeme"t$ It shoud be
"oted that this amou"t is usuay #ery ow P it (a" be as ow as +e$ 1R The Hire ?ur(hase
optio" &or &i"a"(i"g a" 9EHI,:E is usuay o&&ered by No" Ba"!i"g %i"a"(ia ,ompa"ies
)NB%,s*$
!dvantages to Self "mployed A Businesses:
37
I& you are se& empoyed a"d buy a 9EHI,:E through Hire ?ur(hase, you (a" (aim the
i"terest paid o" this oa" as a" e/pe"se whi(h (a" be dedu(ted &rom your ear"i"gs$ Simiary,
you (a" (aim depre(iatio" o" the 9EHI,:E as a" e/pe"se$
Lease
This is a"other optio" &or &i"a"(i"g the pur(hase o& your 9EHI,:E$ Here, the ba"! ow"s the
9EHI,:E$ The ba"! )(aed the :essor* eases it to you )(aed the :essee* &or a &i/ed
mo"thy amou"t$ At the e"d o& the ease, you ha#e a" optio" to buy the 9EHI,:E at a
predetermi"ed pri(e$
:eases are aso usuay o&&ered by NB%,s$
!dvantages to Self "mployed A Businesses:
I& you are se& empoyed a"d ease a" 9EHI,:E, you (a" (aim the e"tire ease amou"t as a"
e/pe"se whi(h (a" be dedu(ted &rom your ear"i"gs$ But si"(e the 9EHI,:E is ow"ed by the
ba"!, a"d "ot you, you (a""ot (aim depre(iatio" o" the 9EHI,:E as a" e/pe"se$
V"1ICL" A V"1ICL" L#!& 7L!2"RS
A the ma-or ba"!s a"d NB%,s o&&er #ehi(e E 9EHI,:E oa"s$ Some promi"e"t #ehi(e
oa" pro#iders are:
• I,I,I Ba"!
• HD%, Ba"!
38
• State Ba"! o& I"dia )SBI*
• ,e"turio" Ba"! o& ?u"-ab )At prese"t Merge with HD%, Ba"!*
C#&'ITI#&S $#R V"1ICL" L#!&
V"1ICL" L#!&
&"4 V"1ICL" L#!&
$"!T%R"S I B"&"$ITS
39
• ,o#ers the widest ra"ge o& 9EHI,:E s a"d muti4utiity #ehi(es i" I"dia$
• A#ai +**H finance o" your &a#orite 9EHI,:E$ HH
• %e/ibe repayme"t optio"s, ra"gi"g &rom 13 to ? hours$
• +epay with easy EMIs$
• !ttractive V"1ICL" loan plans 4 To $astrack your loan, -ust (hoose the pa" that is
right &or you$
• Attra(ti#e I"terest rates
• Hasse4&ree do(ume"tatio"$
Customer 7rivileges
• I& you are a" MACO+ Ba"! account holder, we ha#e spe(ia rates &or you$
• I& you ha#e had a 7referred !ccount or a Corporate Salary !ccount with MACO+
Ba"! &or more tha" si/ mo"ths, you (a" get &ast appro#as o" your oa"s with mi"ima
do(ume"tatio"$
• I& you are a" e/isti"g MACO+ Ba"! V"1ICL" Loan customer with a (ear repayme"t
o& 13 mo"ths or more we (a" Top-%p your V"1ICL" loan to the eBtent of the
original loan value$
• Vehicle Loan Takeover 7lan
I& you are a saaried i"di#idua hodi"g a"y o& the (redit ,ards me"tio"ed beow, your oa"
gets pro(essed &aster$
ReGuirements;
? %a(iity is a#aiabe to o"y MACO+ ba"! a((ou"t hoders ),ASA*$
40
? A terms a"d (o"ditio"s appi(abe &or the used 9EHI,:E produ(t are appi(abe &or
the

? Mi"imum > mo"th od oa" with a"y appro#ed %i"a"(ier with (ear repayme"t tra(!
re(ord
!dvantage platinum Credit Card 7lan
I& you are a saaried i"di#idua hodi"g a"y o& the (redit ,ards me"tio"ed beow, your oa"
gets pro(essed &aster$
• MACO+ Ba"! I"ter"atio"a ,redit ,ard
• ,itiba"! 'od
• ,itiba"! Di"ers
• HSB, 'od
• ANS 'ri"d ays 'od
• Ameri(a" E/press 'od ,ard
• Ameri(a" E/press ,harge ,ard
• Sta"dard ,hartered 'od
ReGuirements;
Kour ,ard has to be at east o"e year od$
? Kou "eed to submit the ast two bii"g stateme"ts$
? Sma 9EHI,:E s, "orma &u"di"g up to three years$
41
? %u"di"g o" premium 9EHI,:E s restri(ted to =5J u"der this pa"$
? The pa" does "ot i"(ude muti4utiity #ehi(es$
? ,o"tra(t (opy a"d saary sip o& N+I$
? E"dorseme"t o" passport &or ast 6 years$
? ?roo& o& ow"ership o& property$
? ?ost4dated (he.ues must be &rom the reside"t a((ou"t o& the borrower$
&o Income-'ocument Loan 7lan
? Now, you (a" get a 9EHI,:E oa" without proo& o& i"(ome$
? D"der this s(heme, you get the oa" amou"t up to 85J o& the 9EHI,:E i"#oi(e
#aue$
? The te"ure o& oa" (a" be a ma/imum o& 6 years$
+**H Loan 7lan Cith $iBed 'eposit Lien
This aows you to ta!e a oa" agai"st your deposit at MACO+ Ba"!$
? Kou (a" get a oa" &or 155J o& the i"#oi(e #aue amou"t with the re.uired margi"
pa(ed as a &i/ed deposit i" MACO+ Ba"!$
? :ie" is mar!ed o" the spe(i&ied deposit$ I"stame"ts (a" be paid separatey or out o&
the deposit )i& deposit is arge e"ough*$
&RI Loans
42
N+Is (a" a#ai o& "ew 9EHI,:E oa"s &rom MACO+ Ba"! &or the use o& the #ehi(es by
their reati#es i" I"dia$ Additio"a do(ume"ts re.uired are as &oows :
? ,o"tra(t (opy a"d saary sip o& N+I$
? E"dorseme"t o" passport &or ast 6 years$
? ?roo& o& ow"ership o& property$
? ?ost4dated (he.ues must be &rom the reside"t a((ou"t o& the borrower$
7ast re-payment history
? ?a" &or (ustomers who ha#e ta!e" a" 9EHI,:E oa" a"d ha#e repaid that oa" &uy
without a"y out sta"di"gs$
? ,redit appro#a o" the basis o& past re4payme"t re(ord$
!pproval 7lan
I& you ha#e a MACO+ Ba"! ?re&erred A((ou"t or a ,orporate Saary A((ou"t with MACO+
Ba"! &or more tha" si/ mo"ths, you (a" get &ast appro#as o" your oa"s with mi"ima
do(ume"tatio"
!dvantages
4 Speedy pro(essi"g withi" 7< hours$
4 ,o#er the wider ra"ge o& 9EHI,:E s a"d muti4utiity #ehi(es i" I"dia
4 %i"a"(e up to >5J o& its i"#oi(e #aue$
4 %e/ibe repayme"t optio"s4 13 to 18 mo"ths period$
4

4 Hasse &ree do(ume"tatio"4?repayme"t
4 A"ytime a&ter 8 mo"ths at sma (harge$
43
"LI0IBILIT2 I '#C%"&T!TI#&
Salaried Individuals
"ligi5ility Criteria;
? Mi"imum age o& Appi(a"t: 31 years
? Ma/imum age o& Appi(a"t at oa" maturity: 2< years
? Mi"imum empoyme"t: 1 year i" (urre"t empoyme"t a"d mi"imum 3 years o&
empoyme"t
? Mi"imum A""ua I"(ome: +s 155555 "et a""ua i"(ome
'ocuments reGuired;
? ?roo& o& Ide"tity:4 ?assport (opy, ?AN ,ard, 9oters Id 9EHI,:E , dri#i"g
i(e"se) :ami"ated, +e(e"t, :egibe*
? I"(ome ?roo&: 4 :atest saary sip with &orm 18$
? Address ?roo&:4 +atio" ,ardEDri#i"g i(e"seE9oters ,ardEpassport (opyEteepho"e biE
ee(tri(ity biE:i&e i"sura"(e poi(y ?AN ,ard$
? Ba"! Stateme"t:4 Not ma"datory
Self "mployed
"ligi5ility Criteria;
? Mi"imum age o& Appi(a"t: 31 years
44
? Ma/imum age o& Appi(a"t at oa" maturity: 82 years
? Mi"imum empoyme"t: At east 6 years i" busi"ess
? Mi"imum A""ua I"(ome: Net pro&it +s$ 85555 p$a &or sta"dard 9EHI,:E s a"d
+s$155555 p$a$ &or mid4sized a"d premium 9EHI,:E s
? Teepho"e: Must at reside"(e
'ocuments reGuired;
? ?roo& o& Ide"tity:4 ?assport (opy, ?AN ,ard, 9oters Id 9EHI,:E , dri#i"g i(e"se
) :ami"ated, +e(e"t, :egibe*
? I"(ome ?roo&:4 :atest IT+
? Address ?roo&:4 +atio" ,ardEDri#i"g i(e"seE9oters ,ardEpassport (opyEteepho"e biE
ee(tri(ity biE:i&e i"sura"(e poi(y ?AN ,ard
? Ba"! Stateme"t: 4 0ai#ed &or sma 9EHI,:E s, &or mid 4 sized a"d premium 9EHI,:E
s i& i"(ome is greater tha" +s$ 1$2 a(!s the" ba"! stateme"t re.uireme"t (a" be wai#ed$
7artnership $irms
"ligi5ility Criteria;
? Mi"imum I"(ome: Net pro&it +s$ 85555 p$a &or sta"dard 9EHI,:E s a"d +s$155555 p$a$
&or mid4sized a"d premium 9EHI,:E s
? Mi"imum tur"o#er: Tur"o#er +s$ 7$2 a(!s
? Teepho"e: O"e pho"e at east at busi"ess a"d at reside"(e o& the oa" e/e(uti"g part"er
45
'ocuments reGuired;
? ?roo& o& Ide"tity:4 NA
? I"(ome ?roo&:4 Audited baa"(e sheet, ?ro&it ;

atest 3 years IT retur"s o& the (ompa"y
? Address ?roo&:4 Teepho"e BiEEe(tri(ity BiEShop ; Estabishme"t A(t (erti&i(ateESSI
registered (erti&i(ateESaes Ta/ (erti&i(ate
? Ba"! Stateme"t:4 0ai#ed &or sma 9EHI,:E s, &or mid 4 sized a"d premium 9EHI,:E
s i& i"(ome Is greater tha" +s 1$2 a(!s the" ba"! stateme"t re.uireme"t (a" be wai#ed
7rivate Limited Company
"ligi5ility Criteria;
? Mi"imum I"(ome: Net pro&it +s$ 85555 p$a &or sta"dard 9EHI,:E s a"d +s$155555 p a
&or mid4sized a"d premium 9EHI,:E s
? Mi"imum tur"o#er: Tur"o#er +s 7$2 a(!s
? Teepho"e: O"e pho"e at east at busi"ess premises
'ocuments reGuired;
? ?roo& o& Ide"tity:4 NA
46
? I"(ome ?roo&:4 Audited baa"(e sheet, ?ro&it ;

atest 3 years IT retur"s o& the (ompa"y
? Address ?roo&:4 Teepho"e BiEEe(tri(ity BiEShop ; Estabishme"t A(t (erti&i(ateESSI
registered (erti&i(ateESaes Ta/ (erti&i(ate
? Ba"! Stateme"t:4 NA
7u5lic Limited Company
"ligi5ility Criteria;
? Mi"imum I"(ome: Net pro&it +s$ 85555 p$a &or sta"dard 9EHI,:E s a"d +s$155555 p a
&or mid4sized a"d premium 9EHI,:E s
? Mi"imum tur"o#er: Tur"o#er +s 7$2 a(!s
? Teepho"e: O"e pho"e at east at busi"ess premises
'ocuments reGuired;
? ?roo& o& Ide"tity:4 NA
? I"(ome ?roo&:4 Audited baa"(e sheet, ?ro&it ;

? Address ?roo&:4 Teepho"e BiEEe(tri(ity BiEShop ; Estabishme"t A(t (erti&i(ateESSI
registered (erti&i(ateESaes Ta/ (erti&i(ate
? Ba"! Stateme"t:4 NA
47
'ocuments Salaried
individual
Self
employed
7artnership 7vt.
Ltd. Co.
7u5lic
Ltd. Co.
7roof of
Identity
? ? ? NA NA
Income proof ? ? ? ? ?
!ddress
7roof
? ? ? ? ?
Bank
Statement
? ? ? ? ?
48
%S"' V"1ICL" L#!&
Today used 9EHI,:E o& reiabe .uaity ; good #aue &or mo"ey is a#aiabe$
$"!T%R"S I B"&"$ITS
? ,hoose a"y 9EHI,:E ma"u&a(tured i" I"dia withi" a (ertai" ageH$
? Borrow up to ?*H of the value of the V"1ICL".
? %e/ibe repayme"t optio"s, ra"gi"g &rom 13 to 85 mo"ths$
? Borrow up to , times your annual salary )&or saaried pro&essio"as* a"d @ times your
annual income )&or se& empoyed pro&essio"as* HH$
? A#aiabe &or amost a 9EHI,:E modes at attra(ti#e i"terest rates$
? +epay with easy EMIs$
? !ttractive V"1ICL" loan plans 4 To $ast5ack your loan, -ust (hoose the pa" that is
right &or you$
? !dditional loan on eBisting loan 4 I& you are a" e/isti"g MACO+ Ba"! 9ehi(e oa"
(ustomer with a (ear tra(! re(ord o& 13 mo"ths or more, the" you (a" get a" additio"a
oa" to the e/te"t o& your e/isti"g oa" amou"t at attra(ti#e rate o& i"terest$
Customer 7rivileges
? Spe(ia be"e&its &or MACO+ Ba"! a((ou"t hoders$
? I& you ha#e had a ?re&erred A((ou"t or a ,orporate Saary A((ou"t with MACO+ Ba"!
&or more tha" si/ mo"ths, you (a" get &ast appro#as o" your oa"s with mi"ima
do(ume"tatio"$
H Age o& 9EHI,:E at oa" maturity shoud "ot (ross 15 years sub-e(t to ma/imum oa"
te"ure o& 85 mo"ths$
HHThis woud aso #ary with higher oa" #aue
49
$""S I C1!R0"S $#R %S"' V"1ICL" L#!&S
'escription of charges %sed V"1ICL" Loans
,he.ue bou"(i"g (harges +s$ 725
%, ,harges
8J o& ?OS &or pre(osures withi" 1 year &rom 1st
EMI
2J o& ?OS &or pre(osures withi" 16437 mo"ths &rom
1st EMI
6J o& ?OS &or pre(osures post 37 mo"ths &rom 1st
EMI
No &ore(osure aowed withi" 8 mo"ths &rom date o&
a#aii"g the 9EHI,:E oa"$
Stamp Duty At a(tua
:ate ?ayme"t ?e"aty 3J per mo"th
?ro(essi"g &ees Dsed 9EHI,:E s 43J o& oa" amou"t or +s$2555E4,
whi(he#er is ower
9EHI,:E 4"4(ash E Baa"(e Tra"s&er 4 3J o&

amou"t or +s$7555E4, whi(he#er is ower
Agri E?S: ,harges +s 3555
,he.ue swappi"g (harges +s 255E4

(harges
+s 1555E4
Bou"(e ,he.ue ,harges +s 725E4
Stateme"t ,harges )per stateme"t* +s 255E4
Dupi(ate +epayme"t S(hedue
(harges
+s 255E4
:ega, +epossessio" ; I"(ide"ta
(harges
At a(tua
50
Dupi(ate "o due (erti&i(ate E NO, +s 255E4
Tra"sa(tio" &ees &or Sura!sha
Ia#a(h
+s 255E4 per (ase
$!STR!C3 2#%R L#!& 4IT1 #%R !TTR!CTIV" V"1ICL" L#!& 7L!&S
Credit Card 7lan
I& you are a saaried I"di#idua E se&4empoyed E proprietor a"d hod a"y o& the ,ards
me"tio"ed beow, your oa" re.uest gets pro(essed &aster tha" "orma$
? ,itiba"! 'od
? ,itiba"! Di"ers
? HSB, 'od
? ANS 'ri"d ays 'od
? Ameri(a" E/press 'od ,ard
? Ameri(a" E/press ,harge ,ard
? Sta"dard ,hartered 'od
? MACO+ Ba"! I"ter"atio"a ,redit ,ard
Submit your (redit ,ard stateme"ts i" pa(e o& i"(ome do(ume"ts to a#ai o& Dsed 9EHI,:E

51
ReGuirements;
? Kour ,ard has to be at east o"e year od$
? Kou "eed to submit the ast two bii"g stateme"ts$
? The pa" does "ot i"(ude muti4utiity #ehi(es )Tata #ehi(es, Mahi"dra #ehi(es,
et(*$
&RI Loans
N+Is (a" a#ai o& Dsed 9EHI,:E

reati#es i" I"dia$ Additio"a do(ume"ts re.uired are as &oows:
? ,o"tra(t (opy a"d saary sip o& N+I$
? E"dorseme"t o" passport &or ast 6 years$
? ?roo& o& ow"ership o& property$
? ?ost4dated (he.ues must be &rom the reside"t a((ou"t o& the borrower$
&o Income-'ocument Loan 7lan
Now, you (a" get a 9EHI,:E oa" without proo& o& i"(ome$
? D"der this s(heme, you (a" get the oa" amou"t up to 82J &or 6 years a"d upto 85J
&or 2 years o" the #aue o& the 9EHI,:E$
81 a"d the +ues &ramed there u"der$
Rule &o.+> The borrower shoud gi#e a" u"derta!i"g stati"g that a the terms a"d
(o"ditio"s stipuated by the Ba"! whie sa"(tio"i"g the oa" a"d those
(o"ditio"s that may be stipuated i" &uture by the ba"! are a((eptabe to him$
55
Second 1and Vehicle Loan SchemeK
I" the moder" era there is a hea#y dema"d &or pur(hase o& se(o"d ha"d #ehi(es a"d the
ba"!s ha#e surpus oa"4abe &u"ds to di#ersi&y the oa" port&oio a"d to pro#ide &i"a"(ia
assista"(e to the borrowers &or pur(hase o& se(o"d ha"d #ehi(e, this s(heme has bee"
di#ersi&ied$
Short title: eBtent and commencement;-
a$ This s(heme may be (aed WSe(o"d Ha"d 9ehi(e

proprietor pro&essio"a a"d part"ership (o"(er" residi"g i" the area o& operatio" o& the
e"di"g ba"! by the State a"d ,e"tra Ba"!s as the (ase may be$
b$ The s(heme sha be impeme"ted through the bra"(hes o& the State a"d ,e"tra ,oop$
Ba"!s i" DT a"d i" the State o& ?u"-ab$
($ It sha (ome i"to &or(e &rom the date o& appro#a by the +egistrar ,oop$ So(ieties ?u"-ab
,ha"digarh$
d$ The #ehi(e to be pur(hased by the oa"ee shoud "ot be more tha" 6 years od, shoud be
a((ide"t &ree, o"e time road ta/ paid, beari"g +egistratio" Number o& D$T$ ,ha"digarh or
the State o& ?u"-ab.
7urpose: 4

sumo, .uais, et($ &or perso"aEpubi( use$
"ligi5ility; - A" i"di#idua, soe proprietor, pro&essio"a a"d part"ership (o"(er" residi"g i"
the area o& operatio" ha#i"g perma"e"t a((ou"t "umber pro#ided by the I"(ome Ta/
authority i" urba" areas a"d i" (ase o& rura area ha#i"g at east 2 a(res o& agri(uture a"d
56
a"d shoud "ot be de&auter$ The appi(a"t wi be e"roed as "omi"a member o& the ba"!
u"der the A(t, +ues a"d Bye4aws$
Fuantum of Loan; - The .ua"tum o& oa" sha depe"d upo" the mode a"d prese"t #aue o&
the #ehi(e$ ?rese"t #aue sha be the #aue as pro#ided by Sah ; Sa"ghi i" the (urre"t pri(e
I"de/ a"d aso a#aiabe o" 0ebsite htpp$wwwautomarti"dia$(omESah ; Sa"ghi pri(e i"de/$
asp or the #aue appro#ed by the registered sur#eyor o& a"y 'I, with the (o"ditio" that the
i"surer has to get i"sura"(e (o#er &rom the (o"(er"ed I"sura"(e ,ompa"y o" whose ist the
"ame o& the sur#eyor appears, whi(h is owest sha be the .ua"tum o& oa"$ The ma/imum
oa" amou"t sha be +s$2 a(!s or =2J o& the assessed pri(e o& the #ehi(e whi(he#er is ess$
Interest; - At prese"t rate o& se(o"d ha"d #ehi(e oa" is 16J a"d &urther it sha be
determi"ed by &i"a"(i"g ba"! &rom time to time a"d debited to oa" a((ou"t$ I"terest is
(harged as (o"tra(t made with the oa"ee$ ?e"a i"terest V 3J o#er a"d abo#e the "orma
rate sha be (harged i" (ase o& de&aut, o" the de&aut amou"t &or the de&aut period$ 5$2J
(o"(essio" is aowed to wome"
7eriod of LoanARepayment of Loan: 4 Ma/imum period o& oa" sha be &i#e years$
+epayme"t o& the oa" sha, be i" mo"thy e.uated i"stame"t$ I" (ase o& urba" borrowers
a"d ha& yeary e.uated i" (ase o& rura borrowers due o" 65
th
Cu"e a"d 61
st
De(ember$
Moratorium period o& o"e mo"th sha be aowed u"der the s(heme$
Security; - The se(urity &or the oa" is 1
st
Hypothe(atio" o& the 9ehi(e i" the "ame o& the
ba"! e"tered i" +, o& the #ehi(e$ Two good sureties residi"g i" area o& operatio" o& the ba"!
a"d ha#i"g a ?AN ,ard i" (ase o& urba" areas a"d two sureties o& the status o& borrower i"
(ase o& rura area$ The sureties sha be e"roed as "omi"a member o& the ba"! u"der the
A(t$
57
#R
A (oatera se(urity to the e/te"t o& 155J o& oa" i" the shape o& assig"me"t o& i&e i"sura"(e
poi(y, pedge o& NS,s, I9?s, Term Deposits o& ow" ba"!, i" (ase the borrower is "ot
wii"g to gi#e sureties$
'is5ursal of Loan; - The oa" wi be disbursed a&ter the appraisa o& a ega do(ume"tatio"
(ompeted a"d borrower ha#i"g deposited his share o& margi" i" the SB a((ou"t$ The
disburseme"t wi be third party payme"t by way o& ba"!er (he.ueEDema"d Dra&t i" the
"ame o& the seer )ow"er o& the #ehi(e* dei#ered through a"d u"der re(eipt &rom borrower.
$ee and #ther Charges; - A pro(essi"g &ee o& 5$32J o& the oa" amou"t sa"(tio"ed sha be
(harged$
'ocumentation; -
1$ Ide"tity proo&
3$ +eside"tia proo&
6$ Two se& attested re(e"t passport size photographs o& the appi(a"t a"d sureties ea(h$
7$ ?hoto(opy o& the ?AN
2$ ,opy o& I"(ome Ta/ +etur" &or ast three years duy a(!"owedged by ITO
8$ ?hoto(opy o& the Dri#i"g :i(e"se
=$ A photo(opy o& the +, o& the 9ehi(e a"d (ase o& rura peope (opy o& %ard,
Camaba"di$
58
$

15$ D? Note
11$ Hypothe(atio" deedE,oatera Se(urityEAgreeme"t Bo"d &rom Sureties$
13$ Agreeme"t o& Sae$
16$ ,erti&i(ate o& prese"t #aue o& (ar assessed by Sur#eyor o& (ompa"y guide or as
determi"ed o" the basis o& guidei"es o& the ?u"-ab 'o#t$ o" the Sub-e(t$
Insurance: 4 ,omprehe"si#e i"sura"(e i" the -oi"t "ames o& the borrower a"d the ba"! sha
be made at the (ost o& the borrower$ I" (ase o& de&aut ba"! wi be at iberty to get a poi(y
re"ewed by debiti"g to oa" a((ou"t o& the borrower$
'ispute; - I& at a"y stage a"y dispute raised, it sha be settedEre&erred &or arbitratio" u"der
the pro#isio"s o& ?u"-ab ,oop$ So(ieties A(t$ 1>81 a"d rues &rames there u"der a"d bye4aws
o& the ba"!
59
ICICI B!&3 V"1ICL" L#!& 7R#C"'%R"
T4# 41""L"R L#!&
!dvantages
4 Speedy oa" appro#a
4

4"BSIT"S
1$ http:EEwww$"ios$a($i"ESe(bus(ourE12$pd&
3$ http:EE&i"a"(e$i"diamart$(omEi"#estme"tYi"Yi"diaEba"!i"gYi"Yi"dia$htm
6$ http:EEe"$wi!ipedia$orgEwi!iEBa"!i"gYi"YI"dia
7$ http:EEwww$ba"!"eti"dia$(omEba"!i"gEb&u"($htm
2$ http:EEwww$(apitamar!et$(omE,MEditES%ArtDis$aspQS%SNOF628;S%ESNOF1>
8$ http:EEwww$ba"!"eti"dia$(omEba"!i"gEu(b$htm
=$ http:EEwww$mo"eyguidei"dia$(omEwhat4are4(o4operati#e4ba"!sE