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Transport Loan

Eligibility

Transport  Loan  is  extended  to  the  intending  customers  for  purchase  of vehicles such as excavator, trucks, buses/Light vehicle/taxis etc for personal as well as commercial purposes.

Quantum 60% of the cost of vehicle if the invoice value is less than Nu.800,000 and 50% of the cost of vehicle if the invoice value is more than Nu.800,000 .

Tenure: 5 years

The vehicle/ equipment to be purchased will be  the security for the loan.

Commercial Vehicle                                      – Max. 5 years

Indian Made                                                    – Max. 5 years

Foreign Made                                                  – Max. 5 years

Second Hand Vehicle                                    – based on the purchase model.

Copy of CID of both the applicant and the guarantor.

  1. One recent PP size photograph of the applicant.
  2. Copy of the Quotation/Invoice for new vehicles from authorized vehicle dealers.
  3. Award letter in case of Passenger buses
  4. TCB letter and tour operating license in case of tours and treks
  5. Valid Import license for import of vehicles from 3rd countries (other than India).
  6. Valid Trade license for hiring equipment (tippers/trucks/machineries/tractors/ dozers and excavators)
  7. Copy of Registration Certificates for second hand vehicles.
  8. Sale Deed agreement (in case of financing second hand vehicles).
  9. Copy of valid Insurance Policy (in case of second hand vehicles).

Download Transport Loan Application