Sr. No. |
Field |
Content |
1 |
Eligible Segments |
 All goods / passenger transport vehicles including light Commercial vehicles, auto-rickshaws, taxi-cars, motor-buses and Trucks- Small refrigerated vans, bulk carriers for carrying petroleum/ edible oil
- Water transport units such as small boats, launches, etc.
- Borrower must have relevant prior experience in transport business
|
2 |
Facility |
- Term loan
- Cash Credit/ Overdraft
- Bank Guarantee
|
3 |
Loan Amount |
- Min. Rs. 1,00,000/-
- Max. Rs. 2 crore
|
4 |
Tenor |
- OD/ CC/ BG – 12 months
- TL – Up to 5 years.
|
5 |
Pricing |
Interest Rate linked to Bank Base Rate and Rating |
6 |
Security |
- Exclusive Charge on assets financed
- Collateral security inform of immovable/liquid security based on nature of loan
|
7 |
Guarantee |
Personal guarantees of the promoter directors in case of limited companies |
8 |
Margin |
Depending upon the nature of the facilities |
9 |
Processing Charges |
Up to 1% of the loan amount. |
