Bank | Bank of India |
Scheme | SRTO |
Description | Purchase of commercial vehicles/Earthmoving equipment/excavators for commercial and / or Captive use. |
Eligibility | Limits upto Rs100 lacs as per Scoring sheet 20 marks, above Rs 100 lacs appropriate rating model |
Rate of Interest & Repayment | Repayment: 5 to 7 years including moratorium 3 months. Repayment holiday 3 months during monsoon may be considered. |
Collateral | Hypothecation of vehicle. |
Composite /loan Limit | |
Margin | Minimum 15% |
Detail Link | View Link |