Speed up life with the vehicle of your choice and accelerate towards your destination.
Avail vehicle loans at an attractive rate of interest from GSSS.
Speed up life with the vehicle of your choice and accelerate towards your destination.
Avail vehicle loans at an attractive rate of interest from GSSS.
We create loans that help you focus on buying the best Two Wheeler or a Car Or Three wheeler without worrying about running cash flow.
Borrowers can choose to repay their Vehicle loans within a time frame of 1 to 5 Years.
Borrowers can pay their loan repayment through easy EMI (Equated Monthly Instalments. Borrowers can either pay by using Post Dated Cheques (PDC’s) or also issue a standing instruction to debit your Operating OR Salary Credit Bank Account as a repayment of your loan.
The choice is with you. You can choose from any of the 4 well-placed repayment options of 12, 24, 36 or 48 months. No Two Wheeler & Commercial Vehicle Loans.
You can borrow up to 3 times your annual salary if you are a salaried Person/Professional and 5 times your annual income if you are a self-employed professional.
Yes, you may be required to have a guarantor to stand surety for your loan. Personal Guarantee from person/s of adequate net worth acceptable to the Society.
You can borrow up to 65% of the IDV (Insured) and Vehicle should be not older than 5(Five) Years.
We finance most of passenger cars manufactured by India’s leading automobile companies.
You can get a loan on your existing Vehicle loan if you have a clear repayment track record of 12 months or more, till the extent of your existing loan amount at an attractive rate of interest. The Maximum Loan or Total Sanction Limit is Rs.10 Lakhs.
We offer Pre-owned Car Loans to the following:
Tenure)
The basic documentation includes KYC’s like Identity and address proof. Apart from KYC, banking and salary or income documents are required depending upon applicant’s profile.
Guarantor/s is required compulsorily for Vehicle Loan. Guarantor is a person who guarantees to pay for someone else’s debt if he or she should default on a loan obligation.
A right over the security is created in favour of Society.
You can take a loan ranging from Rs. 50,000 to Rs. 10,00,000.
The minimum loan amount is Rs. 50,000 and the maximum is Rs. 10 Lakhs. But you can borrow up to 65% of the IDV (Insurance Value depending on the model fixed by the Board time to time for Used Vehicles. The Vehicles should not be older than 5(Five) Years.
We offer flexible repayment options ranging from 12 to 48 months, depending on the Member’s profile.
You pay the loan in equal monthly instalments (EMIs). The loan will be paid through post-dated cheques or by RTGS/NEFT/IMPS to Society’s Bank Account. You can also pay through ECS or a standing instruction to debit your Bank account with the EMI amount.
Post Dated Cheques (PDCs)/Security Cheques*** submitted towards loan repayment that have not been encashed, will be retained by the Society till the loan is closed.
***Security Cheques: You need to issue 15 security cheque for every Equated Monthly Installments (EMI). The amount on each security undated cheque should be equal to the EMIs.
You can repay your Vehicle Loan in any of the following two ways:
Standing Instruction (SI): This mode can be used if you have an existing Savings, Salary or Current Account with our Bank. Your EMI amount will be debited automatically on specified due date from the account you specify.
Yes, you can choose to repay your loan anytime after 3(Three) months of taking the loan and after you have paid 3(Three Months) EMIs. Please note Loan can be foreclosed by issuing a Demand draft / cheque at the branch; kindly note that cash beyond Rs. 20,000/- will not be accepted for loan repayment against part prepayment/ full payment / matured loan closure payment. Any payment above Rs. 20, 000/- should be made vide Account payee Cheque / Pay order /Demand Draft/RTGS/NEFT/IMPS.
Yes, for Vehicle loans availed, you can close your Vehicle Loan account in Part after completion of 03(Three) EMIs from Loan disbursement. Part payment is allowed. Note that Part-payments are guided by applicable Terms and conditions from time to time as decided by the Board. For more information, please contact the office.
No additional charges are applicable for closure of or early repayment.
No. The Society shall not be responsible for delivery of the Registration Certificate. The Borrower needs to submit the certified true copy of the Registration Certificate relevant to the vehicle for which the loan has been taken. The registration certificate needs to be submitted to the Society within 60 days of taking the vehicle delivery or 90 days from the date of disbursal of the loan whichever is earlier. The Borrower is also required to submit copy of the Insurance policy and Invoice to the Society, within this period.
No. The Society shall not be responsible for delivery of the vehicle for which the loan has been availed. The Borrower shall be responsible for delay, non-delivery, or any defect, damage or quality of the Vehicle. The Society shall not be responsible or liable if there is any defect or dispute of any nature in the title (even if it is found to be a stolen Vehicle) or ownership of the Vehicle and the Borrower shall independently satisfy itself in this regard.
In order to change your address in our records, you may visit the nearest Society’s Office and submit the following documents:
You need to carry a Membership Number, Self-attested Identification Proof, containing your signature and Address Proof to avail of Property Loan / deliverable along with a written request through Loan Application and produce the required documents.
If you want to change your address / contact details, you need to submit an address change request along with a Self-attested copy of your address proof. The Request form for Address Change is available on the Form Centre of Society’s website. Self-attested Identification Proof containing your signature.
Equitable Mortgage of Property acceptable to the Society having clear marketable title. You can provide your self-occupied Residential, Commercial property (Shops and Offices) as collateral.
You can get a Loan against Property up to a maximum of 65%* of the Sub Registrars value (S R Value) of your property or Rs. 50 Lakhs whichever is less.
* Conditions apply.
We offer Property Loans to the following:
Tenure)
The basic documentation includes KYC’s like Identity and address proof. Apart from KYC, banking and salary or income documents are required depending upon applicant’s profile.
Guarantor/s is required compulsorily for Property Loan. Guarantor is a person who guarantees to pay for someone else’s debt if he or she should default on a loan obligation. Personal Guarantee from person/s of adequate net worth acceptable to the Society.
A right over the security is created in favour of Society by way of Mortgaging the Property. Hence, the mortgaged property cannot be sold or transferred by the Loanee/Mortgagee. Primary security of Mortgage Loan (to be taken over) is not extended to secure any other credit facility other than the existing Mortgage loan.
You can take a loan ranging from Rs. 5,00,000/- to Rs. 50,00,000/-.
You pay the loan in equal monthly installments (EMIs). The loan will be paid through post-dated cheques or by RTGS/NEFT/IMPS to Society’s Bank Account. You can also pay through ECS or a standing instruction to debit your Bank account with the EMI amount.
Post Dated Cheques (PDCs)/Security Cheques*** submitted towards loan repayment that have not been encashed, will be retained by the Society till the loan is closed.
***Security Cheques: You need to issue 15 security cheque for every Equated Monthly Installments (EMI). The amount on each security undated cheque should be equal to the EMIs.
You can repay your Property Loan in any of the following two ways:
Standing Instruction (SI): This mode can be used if you have an existing Savings, Salary or Current Account with our Society. Your EMI amount will be debited automatically on specified due date from the account you specify.
Yes, you can choose to repay your loan anytime after 3(Three) months of taking the loan and after you have paid 3(Three Months) EMIs. Please note Loan can be foreclosed by issuing a Demand draft / cheque at the branch; kindly note that cash beyond Rs. 20,000/- will not be accepted for loan repayment against part prepayment/ full payment / matured loan closure payment. Any payment above Rs. 20,000/- should be made vide Account payee Cheque / Pay order /Demand Draft/RTGS/NEFT/IMPS.
Yes, for Property loans availed, you can close your Vehicle Loan account in Part after completion of 06(Six) EMIs from Loan disbursement. Part payment is allowed. Note that Part-payments are guided by applicable Terms and conditions from time to time as decided by the Board. For more information, please contact the office.
No additional charges are applicable for closure of or early repayment.
Xerox copies of Sale Deed, Mother Deed, Encumbrance Certificate of Last 15(Fifteen) years, Last 3(Three) years Tax Paid Receipts and any other documents may require for completion of legal formalities.
Property Loan is primarily taken for Business Expansion, Repair of Residence, Children Education and Marriage, Purchase of Property. Property Dealing/Broking/Real Estate, Share Trading/Broking and any other speculative activity should not be considered.
No additional charges are applicable for closure of or early repayment.
Tax Benefits can be enjoyed, but we strongly recommended you to consult to your Tax Consultant for this
In order to change your address in our records, you may visit the nearest Society’s Office and submit the following documents:
GSSS Credit Society LTD
With affordable fixed payments, use your personal loan to fund a major purchase, pay off credit cards.
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