Scheme for Purchase of 4 Wheeler for Own Use

Loan Limit: Upto 75% of the cost of vehicle.

Interest Concession: 1% for Good Borrowers of ‘A’ category and 0.5% for ‘B’ category.

The scheme is applicable to Qualified Personnel in Medicine, Management, Accountancy, Engineering, Architecture, etc. and Good Borrowers of the Corporation (Industrial Units).

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





Registration Process

Step 1: Registration and Profile Creation

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.

Step 2: Email Verification and Login

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.

Step 3: Profile Update

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".



Application Process (Loan Application)

Step 1: Accessing the Loan Application Form

To initiate the loan application process, the applicant must navigate from the customer dashboard by clicking on the "Applications" tab.

Step 2: Reviewing Checklist and Accepting Terms

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.

Step 3: Filling the Loan Application Form

Fill the multi-step application form, providing appropriate details in all mandatory fields across the required steps.

Step 4: Declaration and Submission

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.

Step 5: Promoter Bio-Data and Document Upload

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.

Step 6: Application Fees Payment

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.

Step 7: Receiving and Saving Payment Receipt

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.



Application Status Tracking and Support

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.

Application Fees

For loans up to ₹25,00,000/-, the application fee is ₹100/-.

For loans above ₹25,00,000/-, the application fee is ₹200/-.



Grievance Redressal / Help & Support

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 info@pipdic.com.

The General Manager (Administration) can be contacted via mobile at 9894653835.

At the Time of Filing Loan Application

Proof of Identity and Address

◦ Copy of the Ration Card.

◦ Copy of the Aadhar Card.

◦ Copy of the Voter's Identity Card.

◦ Copy of the PAN Card.

◦ Copy of the Birth Certificate.

◦ Copy of the Nativity / Residence Certificate.

Proof of Eligibility

◦ Copy of the Community Certificate (in case of SC / ST applicants).

◦ Copy of the Driving Licence.

◦ Proof of qualification (as the scheme is for qualified personnel in medicine, management, accountancy, engineering, architecture, etc.).

Vehicle Documents

◦ Original quotation for the vehicle, chassis, or body building works.

◦ Copy of the RC book for the existing vehicle (if applicable).

◦ Copy of the proceedings obtained from the Transport Department (if applicable).

Financial and Entity Documents

◦ Copy of the Bank pass book.

◦ Copy of the partnership deed (in the case of a partnership concern).

Collateral Documents

◦ Consent letter to offer collateral security to the extent required by PIPDIC.

◦ Copy of documents for the collateral security property.

During Processing Time or After Sanction of Loan

Property and Legal Documents (For Collateral Security)

◦ Original Title deed.

◦ Antecedent title deeds.

◦ Encumbrance Certificate for 30 years.

◦ Valuation certificate obtained from an approved panel valuer of PIPDIC.

◦ FMB (Field Measurement Book) copy.

◦ Patta copy.

◦ Legal opinion report for the collateral security property.