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Heavy Vehicle loan 
Heavy Vehicle Loan is for purchase of heavy commercial vehicles used by transport operators. The bank finances up to 75% of the cost of the vehicle by hypotization. Customer brings in the margin amount from his own sources. The loan is then repaid in Equated Monthly Installment basis.
In certain cases the lending institution may sanction 100% loan to buy the chassis. The funding for body building can also be availed but solely at the discretion of lending institutions. The facilities like balance transfer or top up financing can equally be availed.
Any individual or firm or a company from Transport or Industrial segment can avail this loan subject to having minimum 3 years exposure to business
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