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 ₹1000 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 EBLR Guidelines.
- View Latest Rate of Interest
- View Service Charges.
- Upfront charges will be collected (wherever applicable) towards legal, valuation, BIR etc.
Click here to Pay EMI online through UPI
The above information is subject to terms and conditions.For more details, please contact the nearest Branch
