Loading
Watch Live – Founders day Lecture by 'Sadhguru' on 18.02.2018 at 02:45pm - Youtube Facebook

KBL Contractor Mitra

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

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