Priority Sector Loan
Retail Loan
Commercial Loan
OGB COMMERCIAL VEHICLE FINANCE
 
  Objective
  • To finance new vehicles for commercial use only.
 
  Eligibility
  • Salaried employees/Established Professionals & Businessmen.
 
 Purpose
  • To purchase all types of commercial vehicle .
 Amount:
  • 85 % of the quoted price (on road price).
 Margin
  • Margin is minimum 15% .
 Security :
  • Hypothecation of the vehicle
  • Liquid Security minimum 20 % of the loan amount.
  • Other Collateral securities
 Repayment :
  • Maximum 84 EMIs
 Holiday Period :
  • 3 months
 Rate of Interest :
  • 100 basis points less than BPLR (Present BPLR 14.25%)
 Remarks :
  • The loan will be sanctioned looking to its operational viability and profitability and credit worthiness of the applicant
 
For Form goto Forms Downlod dection .For further details, contact the nearest Branch