PURPOSE

To Purchased new taxi/Sumo/ Mini Bus/Bus/Truck

ELIGIBILITY

• Age:- Above 18 yrs
• Constitution: Individual / Firms / Schools/ pvt . Hospitality/ transport Co./ Trust/Society /industrial Unit etc
• Permit Assurance Letter from RTO (wherever applicable)

LOAN AMOUNT

Maximum : of ₹ 40 Lakh OR 90% of on road price +5 % of the loan amount on every completed year for the next 4 (four) years for payment of insurance premium of vehicle, Borrower's life Insurance premium and maintenance cost of vehicle for standard account whichever is less

MARGIN

• Minimum 10% of the on-road price

INTEREST RATE

• As Prescribed by the Bank,Interest will be applied on monthly compounding basis