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.