A scheme that gives you complete freedom of movement.
Explore Road Transport Loan from Bank of Baroda.
Road Transport Loan
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Eligibility
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Purpose
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Amount
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Margin
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Repayment
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Rate of Interest
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Security
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Processing Fees
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Document Required
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Sanctioning Authority
- All Road Transport Operators – Individuals/Firms/Companies, etc.
- Should have permit to operate vehicle as public transport
- Farmers/planters for purchase of utility vehicles
- Open to non-customers also
- For all legitimate purposes except for speculation
- Maximum Rs. 1 million for new taxi and Rs. 1.5 million for new van/mini bus
- Higher limits may also be considered based on individual merits
- Minimum between 15% to 25%
- Maximum 5 years
- Competitive interest rate
- Gage sans deplacement
- Insurance cover
- Competitive processing fee
- National ID card for individuals
- Certificate of incorporation
- Marriage certificate wherever applicable
- Latest utility bill
- Driving license
- Business license/permit for the vehicle
- Non-customers to provide statement of account for last 1 year
- Time frame for taking credit decision/disposal of proposal from the date of submission of data/information is within 10 working days for all credit facilities up to Rs. 3,00,000.
For further details of the Scheme and terms & conditions, please contact nearest Branch
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