RMGB – FLEET FINANCE SCHEME     

• Target Group: Existing Fleet Operators & Captive Users, Business Enterprises, Contractors, Mine Owners, Port Owners/Operators/Aggregators etc.
• Eligibility:
  a. Minimum 3 years of experience in transport industry and other businesses.
  b. Fleet operators having existing fleet of minimum 5 vehicles
  c. Requirement of minimum 10 new vehicle or minimum loan amount Rs.50.00 lakhs
  d. Transport operators holding national / states route permit and other necessary permits / license/approval.
• Purpose: To finance new vehicles (Small, light, medium, heavy commercial vehicles) E.g. trucks, tankers /trailer/sippers /buses / luxury buses and passengers vehicles etc. Electric/ Hybrid commercial vehicle can also be financed.
• Quantum of Finance:Minimum Rs. 50.00 lacs and maximum Rs. 10.00 crore.
• Facility:Term Loan
• Margin: Minimum - 0% to 50%  
• Repayment Period: Maximum 66 Months (including moratorium period up to 6 months.)
• ROI:Up to Rs.50.00 lacs 9.60%
  Above Rs.50.00 lac as per CRA rating
• *Product features and ROI are subject to change from time to time as per discretion of the Bank