Bank | Bank of India |
Scheme | Star SME Auto Express |
Description | Purchase Transport vehicle for delivering their products/services. Educational institution for transport services to students, faculty/Staff. Only New Vehicles. |
Eligibility | Existing satisfactory conducted account having sufficient net worth and sources of fund to pay the margin and initial recurring expenses, with entry level |
Rate of Interest & Repayment | |
Collateral | Hypothecation of vehicle |
Composite /loan Limit | |
Margin | 20% of cost of vehicle on road. |
Detail Link | View Link |