Star SME Auto Express

BOI


Purpose

Purchase Transport vehicle for delivering their products/services. Educational institution for transport services to students, faculty/Staff. Only New Vehicles.

Eligibility

Existing satisfactory conducted account having sufficient net worth and sources of fund to pay the margin and initial recurring expenses, with entry level.

Target

Existing SME Units.

Nature of facility

Term Loan

Margin

20% of cost of vehicle on road.

Security

Hypothecation of vehicle

Star-SME-Auto-Express