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Eligibility

Any Individual / Firm / Transporters.

Purpose

Purchase of commercial vehicles.

Quantum of Loan
50 - 60% of vehicle cost including body-building cost.

Rate of
Interest

a) 13% per annum for Term Loan (Public Transport Services).

b) 14% for Working Capital and Light Vehicle (Taxi & Private).

Repayment
Period

5 years.

Security

Hypothecation of Vehicles.

Documents
Required
  • Award Letter from RSTA specifying the routes and contract term for public transport services.
  • Project Report.
  • Quotation from suppliers of vehicles.

For further information, please contact our nearest branch or the Credit Department at Head Office, Phuentsholing.

 
 
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Last modified on Oct 21, 2006