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)