1. Collection of Documents
You need to furnish all documents as per the check list (see overleaf).
All the necessary documents have to be submitted before the finance
process can be initiated.
7. Delivery of Car
Delivery of car will be done only after receipt of delivery order from the
Banker, subject to availability of model. Colour, completion of registration
The Bank does final checking of approved files, agreements, cheques, etc. If
complete, delivery Order will be issued to Garuda Autocraft Pvt Ltd., in case
of any mismatch, in signatures, address proof etc., Delivery Order will be
delayed till rectification.
2. File Logins
Your loan application with the complete set of documents, you have furnished, will
be submitted to the bank.
Garuda Autocraft Pvt. Ltd.
# 29, lalbaghRoad, Bangalore-506207.
Phone:22228824, 222215782, 22124867.
Fax : 22270585
3. Field Verification
Field verification is initiated by the Bank and customers are requested to
co-operate with the whole process. An independent outsourced agency of the bank
will conduct a field verification at your residence or office and may also do
tele verifications. The agency then submits a positive or negative report directly
to the bank on the basis of your feedback. Usual cases where FI report is Negative
locked house, non co-operation by customer. wrong information or negative area etc,
as specified by the financier.
After taking a positive FI report, banker will give approval on the basis of
available documents. If anything additional documents/co-applicant may be
required by the Bank, it will be communicated to you.
Once the Loan is approved loan agreement needs to be signed. Posr-dated
cheques / ECS to be submitted to the Bank.