Commercial Vehicle loan

Shree Sharada Sahakari Bank Ltd., Pune    19-Sep-2015
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Loan Amount : 75% of on road price of the Car.

Security : Hypothecation of Vehicle + Bank’s charge on RCTC Book.

Comprehensive insurance is necessary with Banks clause

Loan Period : Repayment within 60 months,

                       Interest rate @11.00% for New commercial  vehicles loan.

                       Interest rate @11.50% for Used/ resale commercial vehicles

Monthly interest by daily reducing balance method.