Vehicle Loan

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Start-ups and developing business can use this loan to reduce their transportation costs by purchase a vehicle which relevant and need to do their businesses.

Beneficiaries – All micro sector (Individuals, Institutions, Entrepreneurs based in rural areas & low income generating))
Eligible Vehicle Categories –
  • 3 Wheeler Lorry
  • Tractor
  • Van
  • Buses
Eligible Extents – For the purposes of,

  • Transportations of raw materials or finish goods,
  • For the use of business location,
  • To obtain Agriculture Vehicles and machines, etc.
  • For hiring purposes
  • Private use.
Loan Amount – Rs.25,000.00 to Rs.500,000.00
Terms – Up to 60 months
Rental Amount – Customized based on your monthly income and repayment capacity.
Security – Guarantors/ Mortgage/ Pledge