Who We Are
Vehicle Loan Overview
Two wheeler
Nitstone Finserv provides loan options for eligible applicants planning to purchase a two-wheeler. The loan can be used for motorcycles across approved categories as per policy.
Three wheeler
Three-wheelers are widely used as commercial transport. Loan applications for this segment are evaluated based on eligibility, documentation, and product criteria.
Taxi Finance
Taxi Finance is a unique proposition of Nitstone Finserv has we provide unique offers for taxi finance, by this we ensure that customer who are looking for this kind of finance will have easy and simple to apply and live up to their Dream.
Personal Four Wheeler
For individuals considering a personal four-wheeler, Nitstone Finserv offers loan options based on eligibility and credit assessment. Rates and terms depend on applicant profile and product selection.
Benefits & Features
Partial Foreclosure
Partial foreclosure may be permitted under specific conditions. It can reduce the outstanding amount and may impact the future EMI structure.
Foreclosure Charges
A foreclosure charge of 3% on the outstanding principal is applicable when foreclosure is done before the 12th EMI cycle as per policy.
Language Support
Customer service support is available in multiple languages, allowing applicants to communicate in the language they are comfortable with.
Pre-approved Programs
Existing customers may receive pre-approved loan programs or special schemes, subject to internal criteria and credit behaviour.
Process Transparency
Customers receive communication after loan activation with details such as loan amount, EMI schedule, due dates, and service contacts.
Eligibility & Documents
Here are a few basic eligibility criteria you must fulfil before availing this loan:
- Should be at least 21 years old (at the time of application) and less than or equal to 65 years (at the end of the loan tenor)
- Should be residing in the city for at least one year
- Should be working for at least one year
- Should have a landline number either at the residence or at office
Documents Required:
- Proof of identity
- Copy of any one document listed below
- Passport
- Photo credit card - front & reverse
- Voters ID card
- Driving license
- PAN card
- Company ID card of MNC/ public Ltd. / PSU/ Govt. company
- Aadhar card
- Address proof - Copy of any one document listed below
- Passport
- Voters ID card
- Driving license
- Rental agreement
- Telephone bill
- Electricity bill
- Gas connection bills
- Ration Card
- Sale deed
- Property purchase agreement
- Credit card billing statement (latest)
- LIC policy
- Letter from company or company provided accommodation (list of the company's as per the Banks List- ID card of MNC/ Public Ltd., / PSU/ Govt. company containing the residence address)
- Address proof in the name of the applicant's spouse or parents name is acceptable.
- Income proof
- Your source of income, along with the bank statement.
- Other relevant documents will be required depending upon the segment and profile of the applicant.
Ready to Apply
Apply NowHow to Apply
Step 1
Click Apply to open the online form. Enter the required information and submit.
Step 2
Your application is reviewed, and eligible loan amount and tenure options are shared as per policy.
Step 3
A representative will contact you for documentation and verification.
Step 4
Post-verification, the approved amount is disbursed according to company guidelines.
Fees & Charges
|
Types of fees |
Charges applicable |
|---|---|
|
Interest Rate |
16 % to 25 % |
|
EMI Bounce Charges |
INR 100+ GST for every bounce |
| Processing Fee |
1 % to 2 % on Loan Amount |
|
Part Prepayment |
1 % on the paid part payment amount |
|
Foreclosure Charge |
1 % on principal outstanding |
| Penalty charges |
INR 500+ GST |
| Convenience Charges |
INR 2000 |
- Foreclosure: charges will be applicable on the current principal outstanding.
-
Part payment made should be more than 1 EMI.