STAR VEHICLE EXPRESS LOAN

Target

• Individuals, Proprietorship/Partnership firms/LLP/ Company, Trust Society

Purpose

• Purchase of new commercial vehicles.

Eligibility

• Udyam registration & obtaining min entry level score in scoring model under the scheme. Min CBR/CMR as per Product guidelines

Nature of Facility

• Term Loan

Margin

• Minimum 10% of road price for cost of vehicle.

Security

• Hypothecation of vehicle/equipment financed.

Tenure

• For loans upto 3 lakhs :3 Years (36Months*)
• For loans above 3 lakhs to 10 lakhs: 5Years (60 months*)
• (*Tenure is including moratorium if any)

Rate of Interest

• Starting @ RBLR*

(*Terms & Conditions apply)