Financing Small Commercial Vehicle
This product would be offered to salaried and self-employed people for purchasing new small commercial vehicle (excluding trucks, buses, tractors, cars etc.)
- Maximum Tenure
• Loan amount upto Rs. 1.50 lac, maximum tenor will be 36 months.
• Loan amount above Rs. 1.50 lac, maximum tenor will be 60 months.
- Maximum Funding – 85% of on-road price of vehicle.
- Margin Money – 15% of the on-road cost of small commercial vehicle.
- Processing fees - 2% + Applicable GST
- Rate of Interest – Attractive Rate of Interest.