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MSME

 

Target

 

Existing SME Units.

Eligibility

 

Existing satisfactory conducted account having sufficient net worth and sources of fund to pay the margin and initial recurring expenses, with entry level.

Purpose

 

Purchase Transport vehicle for delivering their products/services. Educational institution for transport services to students, faculty/Staff. Only New Vehicles.

Nature of facility

 

Term Loan

Repayment

 

To be repaid in 84 equated monthly installments inclusive of moratorium of maximum 3 months.

 

Margin

 

20% of cost of vehicle on road.

Security

 

Hypothecation of vehicle