||"To finance new vehicles (Small, Light, Medium, Heavy Commercial Vehicles, Passenger vehicle) E.g. Trucks/Tankers/Trailers /Tippers/Buses/Luxury Buses and passenger vehicles etc."
||Existing Transport Operators under MSME segment (for goods and passengers)having 3 years of experience.Individuals / Firms / Companies /Trusts / Institutions / Associations.
|Quantum of loan
- Minimum Loan above ₹25 Lakhs.
- Maximum Loan up to ₹5 Crores.
||Varies between 5% to 50%.
- Primary: Hypothecation of vehicles financed by Bank.
- Up to Rs.1.00 crore : Min 25% collateral security by way of land and building or CGTMSE cover.
- Above Rs.1.00 crore : Min 25% collateral security by way of land and building.
|Nature of facility:
||Repayable in 60 Months (including Moratorium period).