Mayyil bank has extended products like funding of new vehicles, finance on used vehicles etc,on the security of salary certificate, land and fixed deposit powered of loan 3-5 yeas. Monthly Installment.
Application to be submitted to the Branch Manager and Board of Directors will be the sanctioning authority. Proof of admission, certificates of examinations completed, proof of address, income statement of Co-applicant etc are to be submitted along with the salary certificates and necessary documents regarding the landed property
In all cases the legal and technical charges, stationary charges, registration charges and all other incidental changes shall be borne by the borrower