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Home > Corporate Banking > Business Banking > Loan Product > TMB Commercial Vehicle
To purchase Cars, Mini / Light / Medium Vehicles...
Individuals / HUFs, Proprietary Concerns...
Click here for RLLR based interest rates
Individuals / HUFs, Proprietary Concerns, Partnership Firms, Limited Companies
Hypothecation of vehicle to be financed
For credit Limits covered under CGS of CGTMSE – Nil
Collateral Security or Third Party Guarantee in case of Cars, Mini- Vehicles & Autos.
For Trucks/ New Vehicles other than items Tangible and marketable Collateral Security to cover at least 50% of the Loan amount (or) credit worthy Guarantee.
Tangible and marketable Collateral Security to cover at least 50% of Loan amount.
Hypothecation of unencumbered / HP free vehicles having residual life of not lesser than 5 Years with 40% Margin