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Bank of India

Star SME Auto Express

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.
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