Prime Bank – CNG Conversion Loan

By | June 6, 2011

Purpose                      – The loan is offered to convert your personal vehicle to CNG

Eligibility                     – Age: Minimum 25 years, Salaried: permanently employed for at least 2 years by a well-reputed organization including at least 6 months with present employer with minimum monthly income of Rs.20000

Self employed: Professional experience or business establishment for at least 2 years (with adequate proof) with minimum Rs.40000 as income

Quantum of Loan       – Maximum 20 Lakhs

Duration                     – maximum 6 years

Interest Rates           – 12%

Security                      – Hypothecation over the car

Others                         – Partial or early settlement facilities, Competitive interest rates on a monthly reducing balance

Prime Bank is providing various types of Direct Finance and Working Capital to SSI (Small Scale Industries), Retailer, Traders & Wholesaler, MSI (Medium Scale Industries), Professional and Self  Employed, as also bank is providing Educational Loan, Housing Loan, Vehicle Loan, Gold Loan, Loans, Bills Discounting, LCBD-Bill Discounting against Letter of Credit, SLBD- Sellers Bill Discount), Personal Loan, Loan against Government Security and Loan to Disable Person with very attractive and competitive Interest Rates.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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