For purchase of any new commercial vehicles such as trucks, buses, other utility vehicles
For purchase of any Road transport equipment such as dumpers, pay loaders, bulldozers, paver etc.
For purchase of second hand four wheeler ( not more than –3years )
Eligibility
All Individuals holding valid driving license to drive Heavy Vehicles and established in his line of activity at least for a period of not less than-2- years.
The firm, LLP, Company should have established since last -2years and profit making.
Documents
For All Individual, Partner or Directors
Proof of Identity (Any one):- PAN/ Passport/ Driver’s License/ Voter ID card
Proof of Residence Address (Any one):- Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Gas Bill or copy of Aadhaar Card / Passport/ Driving License
2 passport-size photographs
All KYC documents, address proof, pass port size photographs etc.
IT returns of last -2- years, Financial statement of the last -2years.
Copy of Registration /License (in case of individual loanee) /Govt. approval required to pursue the contract/profession/business activities.
Last 6 to 12 months statement of accounts of Main Bank account in case main account is not with the Branch
Quotation from the Authorised dealer of the Company for the proposed vehicle to be financed.
For second hand vehicles a valuation report from Automobile Engineer or approved Garage to be obtained along with agreement to sale and copy of RTO certificate/Smart card, copy of insurance policy.