KBL Contractor Mitra

Eligibility Criteria:

• Individuals, Company, Partnership, LLP engaged in civil contract activities..

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 ₹500 lakh.

Maximum period of Loan:

• New vehicles/ machineries: Maximum 84 months.
• Used vehicles: Depending upon the residual life of vehicle, maximum up to 48 months.

Security:

• Hypothecation of vehicle / machineries to be purchased

Repayment:

• In Equated Monthly Installments (EMI).

Margin:

• New vehicles/machineries : 10%-15% on the cost.
• Old vehicles : 30% of cost

Rate of interest:

As per MCLR guidelines

• View Latest Rate of Interest

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