KVB Transport Plus

KVB Transport plus is a comprehensive financial solution for Transport Operators.

Features and Benefits
  • Individuals / Proprietary Concerns / Partnership firm / Limited company / Trust / Association, etc including those coming under Priority sector / Non-Priority sector are eligible for this loan.
  • The Nature of the loan can be Term Loan and Secured Overdraft (SOD) / Working Capital Demand Loan (WCDL).
  • Term Loan issued for purchasing new / old vehicles. In the case of old vehicles, the age of the vehicle not more than five years.
  • SOD / WCDL is issued for Working capital finance.
Charges and Fees
Margin
  • New Vehicle - 15%
  • Old Vehicle – 50%
  • Educational Institution - 10%
  • No per borrower limit.
Tenor(months) Maximum 60 months by installments with interest at monthly rests for all categories of borrowers (Non-EMI). EMI mode is optional at the request of the applicant.
Processing Fees 0.50% plus GST.
Primary Security Hypothecation of the proposed vehicle with body built, if any.
Collateral Security
  • Up to Loan limit INR 100 Lakhs: NIL (cover under Credit Guarantee Trust for Micro & Small Enterprises (CGTMSE)).
  • Above Loan limit INR 100 Lakhs: EM on Land and / or Building OR any tangible security covering at least 75% of the limit sanctioned.
Guarantors Personal guarantee / Third party guarantee / Family members / Partners – Directors - Trustees - Member of Association / Society in their individual capacity.

Working Capital Finance – Old / New Vehicles

Eligibility Individuals / Proprietary Concerns / Partnership firm / Limited company / Trust / Association etc.,
Purpose Working capital finance.
Facilities SOD / STL: against vehicles
Limit SOD / WCDL: No cap on per vehicle limit. The cap on per borrower limit is Rs. 50 Lakhs.
Margin 50%
Tenor(months)
  • SOD: 12 months (running account)
  • STL: 36 months
Processing Fees 0.50% plus GST.
Primary Security Hypothecation of unencumbered existing vehicles in the name of the borrower.
Collateral Security Optional
Guarantors Personal guarantee / Third party guarantee / Family members / Partners – Directors – Trustees - Member of Association in their individual capacity.
Interest Rate
  • The applicable Rate of Interest (ROI) is linked to the Credit Score / Rating.
  • For details, please refer the section on Interest Rates.
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