Car Loan Scheme
in Puducherry
Last updated:
Car Loan Scheme in Puducherry
Car Loan Scheme is a government scheme available to eligible residents of Puducherry.
Apply for Car Loan Scheme in Puducherry
Scheme Overview
The "Car Loan Scheme" aims to assist the employees of the Government of Puducherry & Employees of the Government of Puducherry undertaking for the purchase of a new car for personal use. The applications for this scheme are accepted online only.
Eligibility Criteria
The scheme is applicable to the employees of the Government of Puducherry & Employees of the Government of Puducherry undertaking.
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Benefits
Loan Limit: 70% of the cost of the vehicle.
Security: Immovable property situated in the UT of Puducherry to the extent of 100% of the loan amount.
Required Documents
| # | Document |
|---|---|
| 1 | Copies of PAN Card. |
| 2 | Copies of Voter's Identity. |
| 3 | Copies of the Ration Card. |
| 4 | Copies of the Aadhaar Card. |
| 5 | Copy of the Bank Pass Book. |
| 6 | Copy of the Driving Licence. |
| 7 | Community Certificate (In case of SC / ST applicants). |
| 8 | Bio-Data of the Applicant (Duly filled in all respects). |
| 9 | Passport Size Photograph (For Bio-Data upload). |
| 10 | Proof of Employment (To substantiate status as a permanent employee of the Government of Puducherry or a Government of Puducherry undertaking). |
| 11 | Salary Slip or Salary Certificate (To substantiate that the take-home salary is not less than one-third of the gross salary after deduction of the loan instalment). |
| 12 | Service Certificate (To substantiate that the left-over service is equivalent to the loan repayment period). |
| 13 | Original Quotation for Vehicle. |
| 14 | Original Title Deeds in the Name of the Party. |
| 15 | The Antecedent Title Deeds (Title deed executed between the vendors of the owner of the said property and the third parties) of the property offered as security by the party, for 30 years (or 20 years) (Certified copy or Original). |
| 16 | Encumbrance Certificate for the Said Property for 30 years prior to the date of sanction order (Original). |
| 17 | Valuation Certificate of the Said Property (Original). |
| 18 | Patta of the Said Property. |
| 19 | Field Measurement Book Copy (FMB Copy) of the Said Property (Original). |
| 20 | Up to Date Tax Paid Receipt (Latest Tax Paid Receipt) (Original). |
| 21 | Chitta Nagal of the Said Property (Original). |
| 22 | Settlement Register Copy of the Said Property. |
| 23 | Adangal Certificate (Original) (If the properties are agricultural lands). |
| 24 | Certificate Issued by the Village Administrative Officer in order to prove the owners possession over the said property (Original). |
| 25 | Legal Heir Declaratory Decree obtained from the Competent court in Puducherry or Legal Heir Certificate obtained from Tahsildar (In case of properties in the name of deceased persons). |
| 26 | Consent Letter to Offer Collateral Security to the extent required by PIPDIC. |
How to Apply in Puducherry
User Manual: https://pipdic.in/uploads/PIPDIC_docs/user_manual.pdf How to Apply: https://pipdic.in/how_to_apply Applicant Login: https://pipdic.in/customer_login Application Link: https://pipdic.in/forms Grievance Form: https://pipdic.in/grievance…
Online User Manual: https://pipdic.in/uploads/PIPDIC_docs/user_manual.pdf How to Apply: https://pipdic.in/how_to_apply Applicant Login: https://pipdic.in/customer_login Application Link: https://pipdic.in/forms Grievance Form: https://pipdic.in/grievance_form Visit the PIPDIC website. Click "Login". Click the “New customer” link under the “Login” menu, enter a username, email-id, password, and captcha, and then click the "Register" button. Use the registered email-id to log in. An OTP is sent to the registered email address. The applicant is then required to enter the OTP and click "Login" to access to the customer dashboard. Upon successful login, the customer needs to update their profile by accessing the "Edit Profile" option (top right corner of the dashboard). The applicant must provide all required details. Click "Submit". To initiate the loan application process, the applicant must navigate from the customer dashboard by clicking on the "Applications" tab. A pop-up window displaying a checklist of General Terms and Conditions, interest rate structure, investigation fees, and collateral security norms will appear for review. Carefully read this checklist, confirm that all necessary documents have been gathered as requested, and click the “I Agree” button to proceed to the application form. Fill the multi-step application form, providing appropriate details in all mandatory fields across the required steps. The applicant must carefully read and agree to the comprehensive declaration provided within the application form (covering confirmation of true information, absence of unauthorized borrowing arrangements, and consent to verification) before finally ticking the "I agree to terms" checkbox and clicking the final "Submit" button for the main application form. The system will redirect the applicant to enter the Biodata of the Promoter, Partner, or Director, which is typically a multi-step process. The necessary KYC and supporting documents must be uploaded by clicking the "Choose File" button next to each field. Once the entire application and bio-data submission is complete, pay the applicable application fee. If selecting online payment, the system automatically redirects the applicant to the payment summary page, where they verify their details and make the payment. Upon successful payment, the user is redirected back to PIPDIC website, where a receipt for the application fee paid is generated. The applicant can print this receipt or save it to their computer as a PDF for future reference. The customer can monitor the status of their submitted application (which will initially show a status like 'UNDER REVIEW') by clicking the "View My application" link on the dashboard and selecting the relevant loan application in the drop-down menu. For loans up to ₹25,00,000/-, the application fee is ₹100/-. For loans above ₹25,00,000/-, the application fee is ₹200/-. The applicant can contact the Managing Director, Pondicherry Industrial Promotion Development and Investment Corporation Limited at No.60, Romain Rolland Street, Puducherry 605001. The office phone number is 0413-2334361. The email address for contact is [email protected]. The General Manager (Administration) can be contacted via mobile at 9894653835.
Common questions in Puducherry
Who can apply for Car Loan Scheme in Puducherry?
Eligible residents of Puducherry who meet the scheme’s overall criteria can apply for Car Loan Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Car Loan Scheme in Puducherry?
Applicants in Puducherry typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
To create your account, visit the PIPDIC website at https://pipdic.in/, click "Login", and then select the "New customer" link. Enter a unique username, your email address, a secure password, and the Captcha code, then click "Register" to complete the registration process. <br>