Product Variants
Small Commercial Vehicle Loan
The Small Commercial Vehicle loan facility is offered by NESFB will have the following main features:
- Designed for purchase of additional small commercial vehicles
- Any individual / partnership firm / company with more than two years of business experience can apply for the loan
- The applicant should be a local resident for at least 5 years in the approved location
- Maximum loan of INR 6,00,000
- Tenure: Up to 5 years
- Prior years of Business experience: Minimum of 2 years of business experience in same business for which loan is being applied for
- Primary business unit must be at the same location for a minimum of 2 years
- Credit shield life insurance
- No foreclosure statement charges