Small Road & Transport Operators (SRTOs) / OEMs

The key feature of the scheme is as follows :



Individuals, Proprietorship/Partnership firms/Limited Company, Trust Society




To finance commercial vehicles/earthmoving equipment/excavators for commercial use and/or captive use




Limits upto Rs100 lacs as per Scoring sheet 20 marks, above Rs 100 lacs appropriate rating model


Type of Facility


Term Loan




Minimum 15%.


Rate of Interest

As applicable




Hypothecation of Vehicle/Equipment (Registration of Bank’s charge with the RTO and in the RC Book in the case of vehicles)


Items for Finance


Cost of equipment/”On the road” cost of vehicle (to include cost of chassis, body, tools, insurance for the loan tenure, registration cost, road tax, accessories and AMC)



5 to 7 years including moratorium 3 months. Repayment holiday 3 months during monsoon may be considered.


Processing & other charges

Nil upto Rs. 5.00 lakhs.