A scheme that gives you complete freedom of movement.

Explore Road Transport Loan from Bank of Baroda.

  • Eligibility
  • Purpose
  • Amount
  • Margin
  • Repayment
  • Rate of Interest
  • Security
  • Processing Fees
  • Document Required
  • Sanctioning Authority
  • All Road Transport Operators – Individuals/Firms/Companies, etc.
  • Should have permit to operate vehicle as public transport
  • Farmers/planters for purchase of utility vehicles
  • Open to non-customers also
  • For all legitimate purposes except for speculation
  • Maximum Rs. 1 million for new taxi and Rs. 1.5 million for new van/mini bus
  • Higher limits may also be considered based on individual merits
  • Minimum between 15% to 25%
  • Maximum 5 years
  • Competitive interest rate
  • Gage sans deplacement
  • Insurance cover
  • Competitive processing fee
  • National ID card for individuals
  • Certificate of incorporation
  • Marriage certificate wherever applicable
  • Latest utility bill
  • Driving license
  • Business license/permit for the vehicle
  • Non-customers to provide statement of account for last 1 year
  • Time frame for taking credit decision/disposal of proposal from the date of submission of data/information is within 10 working days for all credit facilities up to Rs. 3,00,000.

For further details of the Scheme and terms & conditions, please contact nearest Branch

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