1.

Background:
Auto finance for Salaried Class, Business Borrowers (Merchants, Traders, small time manufacturers, etc), Big & small corporate has immense potential in India.

1.1 Objectives:

To extend car loans for new cars to . Salaried Individuals. Self Employed / Businessman Professionals Retention of our own existing Assets and Liability clientele from attrition to competition.
1.2 Advantage:

Emerging as one of the major player in the Auto Finance business with reasonable volumes and sustained profitability Scope for adding a new secured asset base, moving towards a one-stop shop scenario and leveraging the increased base to cross sell other products. Sourcing safe and good customers, at the same time retaining our niche customer segment from moving to competition. Presence of limited players in this business opens huge opportunities for new entrants to earn money in a matured marketplace. To create a strong brand and recall in customers mind through aggressive branch promotions of the product resulting in higher customer base/ business leading to strong formidable bottom line.
Target clientele, And Eligibility Criteria Salaried, Self Employed Professionals and Businessmen. Excluding Non Resident Indians, Hindu Undivided Family, Trusts, Association of Persons, Partnership, Pvt. /Public Ltd. Companies. Age: Category Min Salaried 22 SEPs & Businessmen 22 Income: A) Salaried Minimum Net Adjusted Income (NAI) Rs. 150000/- p. a. Max. At LoanMaturity 60/retirement age 65

At least 1 year in current employment and 2 years of total work experience. (OR) Below 1 year in current employment (Confirmed Employee) and 3 years of total work experience. Variable Pay: 6 mths Avg of OT / Incentives / Allowance/Bonus ( if paid mthly) ; Annual Bonus: 50 % of 2 Yrs avg; 100 % of Reimbursements ( if appearing in monthly bank statement) 50 % of Reimbursement ( if appearing in Appointment letter only) B) SEPs & Businessmen Minimum Net Adjusted Income Rs. 150000/- p.a. Min. 2 years in profession. Income Statement, Balance sheet and ITR for last 2 years. NAI: Net profit + 2/3 of Depreciation + Appropriations + Interest paid other than interest paid on working capital loans. Amount of Loan/Facility: Min. Rs. 2 Lakhs, Max. No Limit Maximum Repayment Period 60 months Security- Primary -Hypothecation of car on the copy of registration certificate, tax invoice. -Insurance of vehicle in favor of IDBI Bank to be mandatory. Rate of Interest

Vehicle Segment Segment A: Small/Mid-size/ Utility

Tenor up to 36 months 12.75% (BR+2.00%)

Tenor up to 60 months 13.25% (BR+2.50%) 14.25% (BR+3.50%) 13.25% (BR+2.50%) 13.00% (BR+2.25%) 13.00% (BR+2.25%)

Multi-utility Vehicles (MUV) 13.25% (BR+2.50%) Segment B: Premium Segment C: Luxury & SUV Segment D: Classic Processing Fees 12.75% (BR+2.00%) 12.75% (BR+2.00%) 12.75% (BR+2.00%)

For Segment A & B vehicles:

Rs.2500 plus applicable service tax. For Segment C & D Vehicles: Rs. 5000 plus applicable service tax
Small/ Mid size/ Utility Maruti:- Maruti 800, Omni, Alto, Estillo, Ritz, A- Star, Wagon R, Swift Hyundai:- Xing, Getz, i10, i20 TATA:- Indica Xeta, Indica Vista, Indica CS GM:- Spark, U-VA Fiat:- Palio Skoda:Fabia Multi-utility Vehicles (MUV) Innova, Sumo Vita, Travera, Scorpio, Bolero, Xylo, Versa Premium Maruti:- Swift Dzire, SX4, Hyundai:- Accent, Verna, Tata:- Indigo, Marina, Safari, GM:, Aveo, Optra, SRV Ford:- Fiesta, Ikon, Fusion Fiat:- Linea, Mahindra:- Logan, Mitsubishi:- Lancer, Cedia,Honda:- City Luxury Skoda:- Octavia, Laura, Superb, Combi, Hyundai:- Sonata, Elantra, Honda:- Civic, Accord, Toyota:- Altis, Camry, Volkswagen:- Jetta, Passat, Nissan:- Teana Classic BMW, Mercedes, Audi, Land Rover, Porsche Documents Required 1. ID, Address and Signature Proof 2. Income ProofSalaried: a. Latest 3 month salary slip b. Last 6 months bank statement showing salary credits. c. Form 16/ITR for last 2years. Self employed (SEP/SENP): a. ITR for Last 2 years with computation of income / certified financials, b. Incase of Partners/ Directors: Audited / attested P & L Account and Balance sheet with all schedules. Additional documents required: Private ltd: Copy of MOA & Board Resolution. Partnership firm: Copy of Partnership Deed. c. In case of Proprietorship duly certified financials by a practicing CA is required. d. Business continuity proof. e. Bank Statements of the last 6 months.

3. Pro forma Invoice/Quotation of Vehicle. 4. Own Contribution Receipt. 5. Copy of Registration Certificate with hypothecation in favor of the bank (Post Disbursement Document). 6. Sales Invoice of Vehicle (Post Disbursement Document) 7. Insurance Cover Note Copy/Policy (Post Disbursement Document)