Transport Loan is extended to the intending customers for purchase of vehicles such as excavator, trucks, buses/Light vehicle/taxis etc for personal as well as commercial purposes.
of an employee of same employee of Government completed one year after probation period.
-TPG grade or higher from the same Ministry should be obtained.
Quantum – 60% of the cost of vehicle if the invoice value is less than Nu.800,000 and 50% of the cost of vehicle if the invoice value is more than Nu.800,000 .
It should also be backed by fixed asset as collateral except for VLEM.
Commercial Vehicle – Max. 5 years
Indian Made – Max. 5 years
Foreign Made – Max. 5 years
Second Hand Vehicle – Max.3 years (Indian Made)
– Max. 3 years (Foreign Made)
|Exchange Rate for 21.02.2017 to 24.02.2017 (kindly note that the above mention rates are only for notes)|