Transport Loan Heavy (Commercial)
11.50%
Drive growth with T Bank’s Transport Loan – tailored for heavy commercial vehicles.
Purpose: Purchase of heavy vehicle
Eligibility
- Any individual, firm, company, transporter, contractor etc.
- Third party guarantee is required if applicable
Quantum
- 50% of the vehicle cost
Tenure
- Maximum term of 5 years.
Documents Required
- Loan application form duly filled and signed on all the page
- Guarantor form duly filled and signed on all the page, if applicable
- Copy of CID of both the applicant and the guarantor
- Recent passport size photograph of the applicant.
- Original Quotation/invoice for new vehicles from authorized vehicle dealers.
- Valid Trade license for hiring equipment, if applicable.
- Valid Trade license for contractors, if application
- Copy of ownership certificates of collateral security offered to bank.
- Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
- Proof of income to service the loan – verified income by way of rental receipts, bills receivables, BIT, etc.
- Any individual, firm, company, transporter, contractor etc.
- Third party guarantee is required if applicable
- 50% of the vehicle cost
- Maximum term of 5 years.
- Loan application form duly filled and signed on all the page
- Guarantor form duly filled and signed on all the page, if applicable
- Copy of CID of both the applicant and the guarantor
- Recent passport size photograph of the applicant.
- Original Quotation/invoice for new vehicles from authorized vehicle dealers.
- Valid Trade license for hiring equipment, if applicable.
- Valid Trade license for contractors, if application
- Copy of ownership certificates of collateral security offered to bank.
- Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
- Proof of income to service the loan – verified income by way of rental receipts, bills receivables, BIT, etc.
