SBI fleet finance under tie-up with Tata Motor Finance Ltd - Business

Features

• Target Group:
  • Existing Fleet Operators (For Goods or Passenger transport) Existing Individuals / Firms/ Companies/ Trusts / Society /Institutions / LLPs / Associations
• Quantum of loan (Min/Max)
  • Min.: Rs.50 lakhs.
  • Max.: Rs.50 Crs.
• 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%)
  Large Fleet Owner *	100%	70% (Margin 30%)	90% (Margin 10%)
  Large Fleet Owner *	100%	70% (Margin 30%)	90% (Margin 10%)

  • No finance for insurance, RTO registration, AMC, extended warranty, other charges has 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). @ Sanctioning authority may allow up to 100% LTV.
• Pricing :
  • Competitive pricing linked to EBLR or 6 Months MCLR
• Collateral Security: Nil under the tie-up.
• Repayment Period:

  Maximum 72 months including moratorium period of 5 months. Repayment on EMI basis.

• Upfront Fee:0.20% + Taxes.