Bank has special scheme for financing Small Road & Transport Operators (SRTOs) / OEMs.

The key feature of the scheme is as follows :

Target group


Individuals, Proprietorship / Partnership firms, Limited Company, Trust, Society



To finance commercial vehicles / earthmoving equipments / excavators for commercial use and/or captive use

Items to be financed


Cost of equipment/“On the road” cost of vehicle (to include cost of chassis, body, tools, insurance for the loan tenure, registration cost, road tax, accessories and AMC)

Type of Facility


Term Loan



Minimum 15% of the project cost as given under Items to be financed.


Rate of Interest


ROI will be linked to MCLR



5 to 7 years including a moratorium of 3 months. Repayment holiday of 3 months in a year during monsoon may be considered within the original tenor of the term loan.