We have devised special loan scheme to finance the transport operators for purchasing of commercial vehicles.

All you need to know

  • Type of Loan : Term Loan
  • Purpose : Purchase of commercial vehicle.
  • Loan Amount : Maximum: Rs. 100.00 Lacs.
  • Repayment : 60 months (maximum)
  • Rate of Interest : Linked with PLR As per Banks Credit rating
  • Who can borrow
    Individuals, Proprietorship, Partnership, Pvt. Ltd. & Public Ltd. Companies.
  • Business Units operating in transport business (passenger/goods) for minimum 2 years.
  • Security
    Hypothecation of Vehicle to be purchased.
* “Conditions Apply. Loan at the sole discretion of the Bank”

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