National Toll Free No1800 425 00 000
 
National Toll Free No1800 425 00 000

IB-BAL Commercial Vehicle (Under tie-up with Bajaj Auto Ltd)

IB-BAL Commercial Vehicle (Under tie-up with Bajaj Auto Ltd)

Eligibility

  • Existing / new transport operators ( individuals) for purchase of commercial vehicles manufactured by M/s Bajaj Auto Ltd.

Amount of Loan

  • Maximum one commercial vehicle per borrower

Margin

  • 15% on road price

Interest Rates

  • Please see the interest rate link on the home page

Repayment

  • Maximum 60 months including holiday period of 3 months

Security

  • Hypothecation of vehicle purchased out of loan

Salient Features

  • To finance transport operators for transportation of passengers or goods