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 acquire fleets of vehicles/ vessels thereby offering cheap yet safe and convenient solutions to transport related issues.
Sr. No. |
Field |
Content |
1 |
Eligible Segments |
- All goods / passenger transport vehicles including light Commercial vehicles, auto-rickshaws, taxi-cars, motor-buses and lorries
- Small refrigerated vans, bulk carriers for carrying petroleum/ edible oil
- Water transport units such as small boats, launches, etc.
- Borrower must have relevant prior experience in transport business.
|
2 |
Facility |
- Term loan
- Cash Credit/ Overdraft
|
3 |
Loan Amount |
- Min.
 1,00,000/-
- Max. 2 crore
|
4 |
Tenor |
- OD/ CC/ BG – 12 months.
- TL – Up to 5 years.
|
5 |
Pricing |
Interest Rate linked to Bank Base Rate. |
6 |
Security |
- Exclusive Charge on assets financed
- Collateral as per Bank's norms.
|
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 |
As per Bank’s Extant Guidelines. |
