| Purpose | To purchase 3 or 4 wheeler for transportation of goods |
| Eligibility | 1. An individual or a firm having valid trade license/GST No desirous of owning transport vehicle for carrying goods 2. Should hold valid driving license or engage driver possessing valid license to operate the type of vehicle for which credit is sought |
| Quantum Loan | 80% of on road price of the vehicle (inclusive of Insurance, Road Tax, Registration charges & accessories limited to maximum of Rs.10000/-) with a maximum of Rs.25 lakhs. |
| Margin | 20% |
| Rate of Interest | 11.50% p.a. |
| Repayment Period | Repayable in 84 EMI |
| Security | In case of loan upto Rs.5.00 lakhs à Hypothecation of Vehicle
In Case of loan above Rs.5.00 lakhsà Hypothecation of Vehicle and |
| Co-oblignat/ Surety | Solvent third party / ieswith sufficient net worth acceptable to the Bank shall be obtained. |