Transport Operate Loan

Business Vehicle Loan	( New/Old)
Loan Amount	80 % Of Quotation ( New vehicle) (On Road) 50 % of Valuation (Old vehicle between 3 to 5 years old)
Rate of Interest	As applicable in Loan Interest Rate Chart
Guarantor	Two (Creditworthy Guarantor’s )
Membership	@ 2.5 % of Loan Amount in share if loan amount > Rs. 1.00 lack Nominal Membership if loan amount < or =Rs. 1.00 Lack
Loaning	Immediate Loan Sanction
Security	Said Vehicle
Documents	Quotation Latest Income Proof of Applicant & Guarantor’s o In case of Businessman- Last three I T returns with audited Financial Statement. Bank Track Record last year o In case of Salary Earner – Last three months Salary Certificate and one years Salary a/c statement. I D & R D Proof’s documents of Applicant & Guarantor’s Bank Track Record Borrower’s residential proof
Pre-closure	No Pre-closure Charges

                                                                                                                                                                                                                                                                               T&C Apply.