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Bank of India

SRTO

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%
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