Eligibility :

Individual members & members of PACS & Co-operative Societies.

Purpose :

For purchase of commercial vehicles for transport business.

Maximum amount of loan :

• Not less than 15% for chassis Not less than 20% for Body (In case of Bus & Truck)
• 15% of total cost price where chassis & Body quotation will not be clearly available.
• In case of old free vehicles – 50% of value of vehicles ( Not exceeding 5 years)

Repayment

For new vehicles 5 years with moratorium upto 6 months from the date of 1st drawal. For Old vehicles 3 years without any moratorium period.

Interest

As fixed by Bank from time to time.