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Purpose
- To meet capital requirement to purchase Auto Rickshaw/ Electronic Rickshaw operating for self-employment.
Features
- In case of additional collateral i.e. land/ land & building available: 90% of tax invoice value of financing Rickshaw
- Concession of interest by 1% may be provided to Dalit, Mukta Kamaiya, Haliya, Badi, single women, differently abled people, conflict victim, earthquake victims, senior citizen, low cast and marginalized people than published rate.
Required Documents
- Copy of Citizenship certificate of borrower/guarantor(s).
- Properly filled loan application form as prescribed by Finance.
- Security documents such as credit facility offer letter, promissory note, loan deed, personal guarantee, and hire purchase agreement as prescribed by finance.
- Registration charge on Rickshaw financed under this product.
- Comprehensive Insurance policy in favor of finance.
- Corporate and Buyback agreement of Supplier/Dealer as far as practicable in case of additional securities in form of land and building.
- Copy of Land Ownership Registration Certificate (Lalpurja) Land Revenue paid receipt, four boundary certificate, blue print and trace map.
- Registration mortgage of additional security in form of land and building.
