Purchase of All Terrain Vehicles (ATVs) and Snow mobiles for hiring purpose.
Individuals including Pony/Sledge Wallas, and proprietorship firms.
Rs. 10 Lac.
25% of the cost of ATV / Snowmobile.
3 months or till the ATV/Snowmobile starts commercial operations, whichever is earlier.
5 years inclusive of the moratorium period.
Primary: Hypothecation of ATV / Snow mobile.
Collateral: Guarantee cover under Credit Guarantee Scheme of CGFTMSE.
0.5% of the sanctioned amount.
No pre-payment charges. In case the borrower intends to avail subsidy from the Government the loan shall have a lock-in period of 3 years or any other period prescribed by the sponsoring agency.
Applicable MCLR + 2% (Fixed).
Click here for rate of Interest