The scheme covers individuals, partnership firms and companies. The limit of advance in the case of a new vehicle ( i ) maximum amount up to 85.00% of the invoice value excluding Vehicle Tax and Insurance, Permit etc. (ii ) For body building charges up to 75.00% of the quotation furnished by the Vehicle body builders.
The maximum period of loan for purchase of bus & trucks is 84 months ( including Holiday period) and for purchase of other vehicles 60 months.
