RMGB – Commercial Vehicle finance
RMGB – Commercial Vehicle finance
- Target Group: Transport Operators, Tour Operators, Travels Agencies, Business Enterprises, Contractors, Captive Users, Warehouse Owners, Logistics provider, Hospitality Sector, First Time Buyers with experience in related activities.
- Purpose: To finance new Commercial vehicles, Electric vehicles, Hybrid commercial vehicles, CNG vehicles , Ambulances
- Eligibility: Minimum 2 years of experience in Transport industry/ Hospitality industry and other related business enterprise /activities.
MSMEs should be registered in UDYAM portal and should have Udyam Registration Certificate. - Type of Facility:Term Loan
- Loan Amount: Minimum Rs. 10.00 lacs and maximum Rs. 50.00 lacs.
- Margin: 15% on road price
- Repayment Period: For Commercial Vehicle: Max 84 months including Moratorium: up to 6 months.
For Electric Vehicle: Maximum 48 months including Moratorium: up to 6 months. - ROI:9.60% *Product features and ROI are subject to change from time to time as per discretion of the Bank