- FOR COMMERCIAL VEHICLES
Individual members & members of PACS & Co-operative Societies.
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)
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.
As fixed by Bank from time to time.