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Transport Loan

1. Light Vehicle Loan (Employee)

Dreaming of owning a car? The T Bank Vehicle Loan aims to ensure that you drive around the city in your own vehicle. Apply for T Bank Vehicle Loan and make your dream of owning a car come true.

All government, Corporate, registered Company, NGO’s employees with confirmed service can avail this facility.

Click here to refer interest rate chart

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Copy of CID of both the applicant.
  • Two recent passport size photographs of the applicant.
  • Copy of the Quotation/invoice for new vehicles from authorized vehicle dealers.
  • Power of attorney to be submitted in cases where the applicant is not the owner of the vehicle.
  • Initial appointment letter or latest promotion letter or service confirmation letter.
  • Latest pay slip authenticated by the account officer.
  • Departmental loan repayment undertaking.

2. Light Vehicle Loan (Commercial)

Wishing to generate income through purchase of light vehicle, T Bank’s Light Vehicle loan commercial will help you fulfill your desire.

  • Any individual, Firm, Company, Transporter, Contractor etc.
  • Third party guarantee is required if applicable.

Click here to refer interest rate chart

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Copy of CID of both the applicant and the guarantor.
  • Two recent passport size photographs of the applicant.
  • Copy of Professional driving license for Taxis.
  • Copy of the Quotation/invoice for new vehicles from authorized vehicle dealers.
  • Power of attorney to be submitted in cases where the applicant is not the owner of the vehicle or if the vehicle is purchased on quota of third party.
  • TCB letter and tour operating license in case of tours and treks
  • Valid Import license for import of vehicles from 3rd countries (other than India).
  • Guarantor details, if any.
  • Ownership certificates of collateral security offered to bank.
  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
  • Proof of income to service the loan - verified income by way of rental receipts, BIT, etc.

3. Transport Loan Heavy (Commercial)

At T Bank, we understand the needs of the transportation and construction industries and offer unique solutions to businessmen with our Transport Loans Heavy.

  • Any individual, firm, company, transporter, contractor etc.
  • Third party guarantee is required if applicable.

As determined from time to time based on market condition and regulatory norms.

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Copy of CID of both the applicant and the guarantor.
  • Two recent passport size photographs of the applicant.
  • Copy of the Quotation/invoice for new vehicles from authorized vehicle dealers.
  • Valid Trade license for hiring equipment (tippers/truck).
  • Valid Trade license for contractors.
  • Guarantor details.
  • Ownership certificates of collateral security offered to bank.
  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
  • Proof of income to service the loan - verified income by way of rental receipts, bills receivables, BIT, etc.

4. Transport Loan Heavy (Public buses& Tourism)

For purchase of public buses and tourism buses you can get the financial assistant from T Bank to boost up your business.

Individuals/ firms involved in public transport Services and tourism business

Click here to refer interest rate chart

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Copy of CID of the applicant.
  • Two recent passport size photographs of the applicant.
  • Copy of the Quotation/invoice for new vehicles from authorized vehicle dealers.
  • Award letter in case of Passenger buses.
  • TCB letter and tour operating license in case of tours and treks.
  • Valid Import license for import of vehicles from 3rd countries (other than India).
  • Guarantor details, if any.
  • Ownership certificates of collateral security offered to bank.
  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
  • Proof of income to service the loan - verified income by way of rental receipts, BIT, etc.

5. HEAVY EQUIPMENT LOAN (earth moving heavy equipment)

T Bank provides Heavy Equipment loans for purchase of new equipment like excavators, backhoe loaders, cranes, higher end construction equipments etc. This would

Individuals/ firms involved in hiring and construction business.

Click here to refer interest rate chart

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Duly filled loan application
  • Copy of CID of the applicant
  • Two recent passport size photographs of the applicant.
  • Copy of valid trade license.
  • Copy of the Quotation/invoice for new machineries from authorized vehicle dealers.
  • Guarantor details, if any.
  • Ownership certificates of collateral security offered to bank.
  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
  • Proof of income to service the loan - verified income by way of rental receipts, BIT, etc.

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