Commercial Vehicle loan







Loan Amount : 75% of on road price of the Car.

Security : Hypothecation of Vehicle + Bank’s charge on RCTC Book.

Comprehensive insurance is necessary with Banks clause

Loan Period : Repayment within 60 months,

                       Interest rate @13.00% for New commercial  vehicles loan.

                       Interest rate @14.00% for Used/ resale commercial vehicles

Monthly interest by daily reducing balance method.