www.mizoramruralbank.in

SMALL ROAD TRANSPORT OPERATOR LOAN (SRTO)

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
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Largest Branch Network in
Mizoram.
Mizoram Rural Bank
Head Office : MINECO,Khatla
Aizawl - 796001
Mizoram
Nodal Officer for Customer Grievance Redressal
© Copyright 2021 Mizoram Rural Bank. All Rights Reserved.

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