Automobile Dealer Finance
Objective : To provide financial assistance to Authorized dealers of reputed Transport Vehicles to set up New showroom/ Service Station or renovation/ modernization of existing showroom/ service center.
| Features | ||
|---|---|---|
| Eligibility | : | All existing and prospective dealers. [Appointment/ Allocation of dealership from the vehicle manufacturing company should be submitted] |
| Quantum of Loan | : | Need Based |
| Repayment | : | Working capital loans is valid for 12 months Term Loan 60 to 84 Months including moratorium period of 6 months |
| Margin | : | 25% |
| Security | : | Primary : Hypothecation of assets created out of Bank Finance
Collateral : Tangible collateral security covering 75% of loan amount. |
| Margin | : | 25% |
| Interest Rate | : | CLICK HERE to view interest rates |
| Processing Fee [Working Capital Loans] |
: | CLICK HERE to view Processing Fee |
| Up-Front Fee [Term Loans] |
: | CLICK HERE to view Up-Front Fee |
