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KBL Contractor Mitra

KBL Contractor Mitra

FINANCE FOR CONTRACTORS FOR PURCHASE OF   NEW / USED VEHICLES / MACHINERY

Simple Processing and Quick Sanction

KBL Contractor Mitra

  • Individuals, Company, Partnership, LLP engaged in civil contract activities.
  • New vehicles/ machineries: Maximum 84 months.
  • Used vehicles: Depending upon the residual life of vehicle, maximum up to 48 months.
  • Hypothecation of vehicle / machineries to be purchased.
  • In Equated Monthly Installments (EMI).
  • New vehicles/machineries : 10%-15% on the cost.
  • Old vehicles : 30% of cost

The above information is subject to terms and conditions.For more details, please contact the nearest Branch

Purpose:

  • Purchase of new vehicles/second hand vehicles (including JCB, tractors which are registered with RTA).
  • Purchase of new machineries required for civil contract activities.

Maximum Amount:

  • Based on requirement of the civil contractor with a maximum of ₹1000 lakh.

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Frequently Asked Questions (FAQs) for KBL Contractor Mitra

To meet the immediate credit requirement of civil contractors.
  • The applicant should be a resident of India.
  • He/ she should be attain age of majority.
  • Individuals, Company, Partnership, and LLP engaged in civil contract activities.
Based on requirement of civil contractor, maximum of Rs. 1000.00 Lakh with ceiling on the working capital finance availed by the borrower from the bank (fund + non fund based).
Maximum of 84 months for new vehicle and 48 months for used vehicles.
10% to 30% of the total cost of vehicles/machineries/equipments.
  • In Equated Monthly Instalment.
  • A holiday period of 3 months in case of fresh advances towards purchase of new vehicles/machineries may be provided. In such cases, overall repayment period including the holiday should not go beyond 84 months.
Yes, subject to take over norms of Bank.
Yes, reimbursement of new equipment/Plants and machinery/ vehicles is permitted within 3 months from the date of Original invoice.