Eligibility

• Transport Operator having minimum 1 year experience in the same line of activity
• Filing returns regularly for 3 years
• Satisfactory CIBIL report on the borrower (No write off / settlement)

Sanction Limit

90% of Invoice Value for Chassis

75% of Invoice Value for Body building

Repayment Period

Upto 84 months inclusive of moratorium period

Security

• Hypothecation of New Commercial Vehicle to be financed
• One surety required

COLLATERAL

• Equitable mortgage with 50% mortgage coverage. Relaxation if any to be reported to next higher authority.