ELIGIBILITY

  • 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

PURPOSE

  • For all legitimate purposes except for speculation

AMOUNT

  • Maximum – Rs. 1.0 mn for new taxi and Rs1.5mn for new Van/mini bus.
  • Higher limits may also be considered based on individual merits

MARGIN

  • Minimum between 15% to 25%

REPAYMENT

  • Maximum 5 years

RATE OF INTEREST

  • Competitive Interest Rate

SECURITY

  • Gage sans déplacement on vehicle
  • Insurance cover

PROCESSING FEES

  • Competitive Processing Fee

DOCUMENTS TO BE SUBMITTED ALONG WITH APPLICATION

  • National ID Card-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

SANCTIONING AUTHORITY

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 upto Rs. 300,000.00

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