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Eligibility Criteria All individual transport operators/firms/companies/association of persons engaged in transportation business.
Minimum Age Individuals – 21-65 years
Partnership Firms, Companies & Associations of persons should have in existence for at least 2 years
Quantum of Finance Maximum 200 lacs
Nature Facility Term Loan and Over Draft.
Margin Term Loan
For loans up to 5 lacs – 10% of the Project Cost
For loans above 5 lacs – 20% of the Project Cost.

Working Capital
25% minimum.
*Rate of Interest Rate of interest depends on the profile of the proposed Borrower and varies between Base Rate to BR+5.00% p.a. with monthly rests as per risk rating of account.(For details, click on “Rate of Interest” link at Home Page)
*Processing Fee 0.41% of Loan amt. with a minimum of Rs. 2029/-
Moratorium Period Up to 3 months
Repayment Period Term Loan: 5 years including moratorium period. (7 years in case of heavy commercial vehicles)
Over Draft: On demand.
Security Primary : Hypothecation of vehicles.
Collateral : Suitable collateral security.
(Option for CGTMSE cover upto loan limit of Rs 100 lac for MSE borrowers)
Insurance Comprehensive insurance of the vehicles with Bank’s clause at the borrowers cost till pendency of the loan.
Delivery Channels All Branches
*Subject to change.