Home  |  Tenders/Auction  |  Careers  |  About us  
हिंदी    Feed     SiteMap  
   home > Loans > Ind Auto (under Tie-up with TVS)
Ind Auto (under Tie-up with TVS)
Purpose / ObjectiveTo finance transport operators in MSME sector for purchase of TVS Autorickshaw / Public carrier vehicles
EligibilityExisting / New transport operators for purchase of new commercial vehicles manufactured by M/s TVS Motor Company Ltd. (TVSMCL), for transportation of passengers.

Borrower should be below 45 years age at the time of seeking loan. Relaxation in age upto 55 years may be considered by ZM on merits.
Amount of LoanMax. one commercial vehicle (up to Rs. 2 lac) per borrower

Two commercial vehicles per group or Rs.4 lac, whichever is lower.
Margin15% on road price as per Proforma Invoice of the dealer, to be brought upfront
RepaymentMaximum 60 EMIs, including holiday period of 3 months (maximum).
SecurityHypothecation of vehicle purchased by availing term loan.

CGTMSE coverage
icon : Branch Network Branch Network
icon : Internet Banking Internet Banking
icon : ATM Network ATM Network
icon : IndPay Mobile Banking IndPay Mobile Banking
icon : Credit Cards Credit Card
icon :  Debit Cards Debit/ATM Card
icon : Prepaid Cards Prepaid Cards
 » Notifications
 » Deposit Rates
 » Lending Rates
 » Service Charges / Forex Rates
 Products Palette
 » Educational Loan
 » Basel-III Disclosures
 » Right to Information Act
 » Customer Centric Services
 » Best Practices Code
Home  |    Contact Us  |    Press-Release      Related Links       Downloads    IPV6    Disclaimer