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Ind Auto (under Tie-up with TVS)
Purpose / ObjectiveTo finance transport operators in MSME sector for purchase of TVS Autorickshaw / Public carrier vehicles
EligibilityExisting / New transport operators for purchase of new commercial vehicles manufactured by M/s TVS Motor Company Ltd. (TVSMCL), for transportation of passengers.

Borrower should be below 45 years age at the time of seeking loan. Relaxation in age upto 55 years may be considered by ZM on merits.
Amount of LoanMax. one commercial vehicle (up to Rs. 2 lac) per borrower

Two commercial vehicles per group or Rs.4 lac, whichever is lower.
Margin15% on road price as per Proforma Invoice of the dealer, to be brought upfront
RepaymentMaximum 60 EMIs, including holiday period of 3 months (maximum).
SecurityHypothecation of vehicle purchased by availing term loan.

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