Objective: The main purpose of this scheme is to purchase the new Two wheelers.

Eligibility: All existing agriculture borrowers having good track record with bankp>

Loan Limit: 75% of the Value of Vehicle

Max of 100000/- whichever in lower.

Margin: 25 % of the value of vehicle


1.Charge (hypothecation) on vehicle by the Bank

2.Letter of Guarantee from third Party.

Interest: 13.75% per annum

Repayment: 10 equal half yearly installments

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