KVB Transport Plus
KVB Transport plus is a comprehensive financial solution for Transport Operators.
- Individuals / Proprietary Concerns / Partnership firm / Limited company / Trust / Association, etc including those coming under Priority sector / Non-Priority sector are eligible for this loan.
- The Nature of the loan can be Term Loan and Secured Overdraft (SOD) / Working Capital Demand Loan (WCDL).
- Term Loan issued for purchasing new / old vehicles. In the case of old vehicles, the age of the vehicle not more than five years.
- SOD / WCDL is issued for Working capital finance.
Margin |
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Tenor(months) | Maximum 60 months by installments with interest at monthly rests for all categories of borrowers (Non-EMI). EMI mode is optional at the request of the applicant. |
Primary Security | Hypothecation of the proposed vehicle with body built, if any. |
Collateral Security |
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Guarantors | Personal guarantee / Third party guarantee / Family members / Partners - Directors - Trustees - Member of Association / Society in their individual capacity. |
Note: For processing charges & other charges, contact nearby branches.
Working Capital Finance - Old / New Vehicles
Eligibility | Individuals / Proprietary Concerns / Partnership firm / Limited company / Trust / Association etc., |
Purpose | Working capital finance. |
Facilities | SOD / STL: against vehicles |
Limit | SOD / WCDL: No cap on per vehicle limit. The cap on per borrower limit is Rs. 50 Lakhs. |
Margin | 50% |
Tenor(months) |
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Primary Security | Hypothecation of unencumbered existing vehicles in the name of the borrower. |
Collateral Security | Optional |
Guarantors | Personal guarantee / Third party guarantee / Family members / Partners - Directors - Trustees - Member of Association in their individual capacity. |
Note: For processing charges & other charges, contact nearby branches.
- The applicable Rate of Interest (ROI) is linked to the Credit Score / Rating.
- For details, please refer the section on Interest Rates.