Individuals/proprietary concerns/partnership firms, private limited companies operating not more than 10 vehicles are eligible for loans to purchase vehicles/meeting recurring expenses connected to transport business.

75% of the cost of the vehicle including body building charges, insurance and road tax.

Hypothecation of vehicles/equipment.

A guarantor acceptable to the bank.

The loans should be repaid in not more than 60 monthly equal installments with a repayment holiday of a maximum of 6 months. Working capital facility is for a period of 1 year which can be rolled over after a review.

Branch

ATM