TATA Motors Finance Limited Loan

Scheme

• BOI-TMFL Loan

Purpose

• To finance the eligible leads sourced from TATA Motors Finance Limited (TMFL) under SAAA (Strategic Alliance Associate Agreement) for purchase of new commercial vehicles and construction equipments for captive or commercial use.

Eligibility

• All Udyam Registered MSME entities

Nature of Facility

• Term Loan

Quantum of Loan

• Min.: Rs. 0.10 Cr
• Max.: Rs. 25.00 Cr

Margin

• 10% of on-road price including insurance, RTO, GST.

Rate of Interest

• Minimum : @RBLR+0.10

Security

• Primary: Hypothecation of the vehicle financed.

Repayment

• Maximum tenure up to 72 months, including moratorium (maximum 5 months’ moratorium)

(*Terms & Conditions apply.) For further details, Please contact your Nearest Branch.