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MSME > Loan to Small Road and Water Transport Operators

Loan to Small Road and Water Transport Operators – IDBI Bank



Road & Water Transport Operators play a key role in the socio-economic development of the nation by providing transport and communication services to the society in general and the industry in particular. This product enables various transport operators to acquire small fleets of vehicles/ vessels by offering competitive and convenient solutions.

The details of the product are mentioned in the table below:

Sr. No.

Field

Content

1

Eligible Segments

  • Bullet All goods / passenger transport vehicles including light Commercial vehicles, auto-rickshaws, taxi-cars, motor-buses and Trucks
  • Bullet Small refrigerated vans, bulk carriers for carrying petroleum/ edible oil
  • Bullet Water transport units such as small boats, launches, etc.
  • Bullet Borrower must have relevant prior experience in transport business

2

Facility

  • Bullet Term loan
  • Bullet Cash Credit/ Overdraft
  • Bullet Bank Guarantee

3

Loan Amount

  • Bullet Min. Rs. 1,00,000/-
  • Bullet Max. Rs. 2 crore

4

Tenor

  • Bullet OD/ CC/ BG – 12 months
  • Bullet TL – Up to 5 years.

5

Pricing

Interest Rate linked to Bank Base Rate and Rating

6

Security

  • Bullet Exclusive Charge on assets financed
  • Bullet Collateral security inform of immovable/liquid security based on nature of loan

7

Guarantee

Personal guarantees of the promoter directors in case of limited companies

8

Margin

Depending upon the nature of the facilities

9

Processing Charges

Up to 1% of the loan amount.



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