SCHEME FOR COMMERCIAL
TRANSPORT OPERATORS

Gets your business moving by expanding your fleet of commercial vehicles! Our Scheme for Commercial Transport Operators is designed as a one-stop shop for your all commercial vehicle business needs.

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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)
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Sanction Limit

90% of Invoice Value for Chassis

75% of Invoice Value for Body building

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Repayment Period

Upto 84 months inclusive of moratorium period

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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.
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Rate of Interest

  • At 1.75% below Banks PLR i.e. @ 10.25% p.a. at present

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Documents Required

  • Prescribed loan application form
  • Latest Photograph, Photo ID proof and Residence proof of Applicant
  • I.T. returns for last 3 years (Business / Self Employed)
  • Last 3 months Salary slip (Salaried)
  • Bank statements for last 12 months (Business / Salary Accounts)
  • Performa Invoice of the vehicle to be purchased
  • Property related documents

LOAN PRODUCTS

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Business Loan

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Scheme for Commercial Transporters

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Pragati Scheme

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Lease Rental Discounting

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Housing Loan

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Personal Vehicle Loan

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Surety/Consumer Loan

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Doctor Care

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Loan Against NSC / KV

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Loan Against Shares and Units of Mutual Funds

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Loan Against Bank Deposit

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Loan Against Insurance Policy

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Gold Loan

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Education Loan

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Travel Loan

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Reverse Mortgage Loan - Aashraya

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Loan Against Property

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Super Bike Loan

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MSE 100

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ccbl@citizencreditbank.com

Citizencredit Co-operative Bank Ltd.
CITIZENCREDIT CENTRE
CTS No:236, Marve Road, Orlem,
Malad (W), Mumbai 400064

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