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IB-BAL Commercial Vehicle (Under tie-up with Bajaj Auto Ltd)
EligibilityExisting / new transport operators ( individuals) for purchase of commercial vehicles manufactured by M/s Bajaj Auto Ltd.
Amount of LoanMaximum one commercial vehicle per borrower
Margin15% on road price
Interest RatesPlease see the interest rate link on the home page
RepaymentMaximum 60 months including holiday period of 3 months
SecurityHypothecation of vehicle purchased out of loan
Salient FeaturesTo finance transport operators for transportation of passengers or goods
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