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Target Customer
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Core business activity to be transportation of goods and/or passengers
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Purpose
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- For purchase of new asset/ reimbursement for new CV assets purchased from own funds.Reimbursement will be allowed only for new vehicles within 3 months.
- Takeover of assets. In case of takeover, outstanding principal amount for balance tenor can be financed
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Age (applicable for individuals)
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- Minimum: 21 Years
- Maximum: 65 Years at the end of loan tenure
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Interest Rate
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Competitive R.O.I with no hidden charges
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Loan Amount
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- Minimum: 1.00 Lakhs
- Maximum: 10.00 Crore
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Bureau Score
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- Individual - -1 or ≥700
- Non-Individual – CMR 1-5
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Charges
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Attractive Charges with no hidden cost
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Loan to value
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Maximum Funding Value on Vehicle/Equipment
* applicable to eligible cases as per policy
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