Be it big or small, new or second hand, get your commercial vehicle like truck, taxi, bus, LCV etc., financed from BoB. Easy process, quick disbursement and minimum paper work, make it smooth and easy.
Floating/Prevailing interest rate.
|Commercial – Service Oriented (Truck and machineries such as Excavator, Bull dozer and pay loader)||50%|
|Non-commercial – Light vehicle||30%|
|Electric/hybrid vehicle/Passenger Buses||70%|
|New Vehicle purchase||Tenure|
|Commercial Vehicle||5 years|
|Public Service – Passenger Buses||7 years|
|Tourism Transport||5 years|
|Two Wheeler – Bicycles, trek bikes||2 years|
|Two Wheeler Motor bikes||5 years|
SECOND HAND TENURE
Remaining tenure not exceeding 5 years. However, second hand for two Wheeler – Bicycles, trek bikes will not be accepted.