FLEET FINANCE UNDER TIE-UP WITH HINDUJA LEYLAND FINANCE LIMITED (HLFL) - Business

Features

• Target Group :
  • Existing Fleet Operators & Captive Users (for Goods, Logistics, Services or Passenger transport).
  • Existing Individuals / Firms/ Companies/ Trusts / Societies / Institutions / LLPs / Associations / Business Enterprises / Contractors / Mine Owners / Port Owners / Operators / Aggregators etc. who are having existing fleet of minimum 10 commercial vehicles.
• Facilities Available :  Term Loan
• Quantum of loan : 
  • Minimum: Rs.50 lakh.
  • Maximum: Rs.50 crore
• Pricing :  Competitive pricing linked to EBR (Linked to Repo Rate and Currently EBR is Repo Rate + 2.65%) or 6 Months MCLR
• Borrower's Margin / Contribution : LTV% & Margin Requirement

  LTV% & Margin Requirement
  Segment	LTV on Chassis/ Prime Mover	LTV on Body/ Trailer	LTV on Fully Built vehicles
  Large Fleet Owner *	100%	70% (Margin 30%)	90% (Margin 10%)
  Strategic **/Super Strategic Customer ***	100%	80% (Margin 20%)	95% (Margin 5%)
  Strategic Captive users	100%	40% (Margin 60%)	90% (Margin 10%)

  No finance for Insurance, RTO registration, AMC, extended warranty, other charges. To be borne by the Customer. (* Large fleet owners: Having 10-25 commercial vehicles, **Strategic fleet owners: having more than 25 to 50 CVs, *** Super strategic fleet owners: having more than 50 CVs).

• Repayment Period
  • Maximum 72 months including moratorium period of 5 months. Repayment on EMI basis.
• Processing Fee/ Upfront Fee 0.20% + Taxes.
• Other Charges :
  • Prepayment: Up to 2 years, 4% of the outstanding amount.
  • Beyond 2 years, 2% of the outstanding amount.
• Collateral Security : Nil under the tie-up.
• Special Feature
  • Existing Fleet Operators (Goods or Passenger) having experience of 3 years or more in the same line.
  • New units floated by existing Fleet Operators / Individuals / Promoters who are engaged in transport activity with experience of 3 years or more can also be considered.
  • Fleet operator having existing fleet of minimum 10 vehicles.
  • Transport operators holding national/ state route permit and other necessary permits/ license/ approval.