Transport Loan

1. Light Vehicle Loan (Employee)

Dreaming of owning a car? The TB Trust Vehicle Loan aims to ensure that you drive around the city in your own vehicle. Apply for TB Trust Vehicle Loan and make your dream of owning a car come true.

All government, Corporate, registered Company, NGO’s employees with confirmed service can avail this facility.

Click here to refer interest rate chart

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Copy of CID of both the applicant.
  • Two recent passport size photographs of the applicant.
  • Copy of the Quotation/invoice for new vehicles from authorized vehicle dealers.
  • Power of attorney to be submitted in cases where the applicant is not the owner of the vehicle.
  • Initial appointment letter or latest promotion letter or service confirmation letter.
  • Latest pay slip authenticated by the account officer.
  • Departmental loan repayment undertaking.

2. Light Vehicle Loan (Commercial)

Wishing to generate income through purchase of light vehicle, TB Trust’s Light Vehicle loan commercial will help you fulfill your desire.

  • Any individual, Firm, Company, Transporter, Contractor etc.
  • Third party guarantee is required if applicable.

Click here to refer interest rate chart

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Copy of CID of both the applicant and the guarantor.
  • Two recent passport size photographs of the applicant.
  • Copy of Professional driving license for Taxis.
  • Copy of the Quotation/invoice for new vehicles from authorized vehicle dealers.
  • Power of attorney to be submitted in cases where the applicant is not the owner of the vehicle or if the vehicle is purchased on quota of third party.
  • TCB letter and tour operating license in case of tours and treks
  • Valid Import license for import of vehicles from 3rd countries (other than India).
  • Guarantor details, if any.
  • Ownership certificates of collateral security offered to bank.
  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
  • Proof of income to service the loan - verified income by way of rental receipts, BIT, etc.

3. Transport Loan Heavy (Commercial)

At TB Trust, we understand the needs of the transportation and construction industries and offer unique solutions to businessmen with our Transport Loans Heavy.

  • Any individual, firm, company, transporter, contractor etc.
  • Third party guarantee is required if applicable.

As determined from time to time based on market condition and regulatory norms.

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Copy of CID of both the applicant and the guarantor.
  • Two recent passport size photographs of the applicant.
  • Copy of the Quotation/invoice for new vehicles from authorized vehicle dealers.
  • Valid Trade license for hiring equipment (tippers/truck).
  • Valid Trade license for contractors.
  • Guarantor details.
  • Ownership certificates of collateral security offered to bank.
  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
  • Proof of income to service the loan - verified income by way of rental receipts, bills receivables, BIT, etc.

4. Transport Loan Heavy (Public buses& Tourism)

For purchase of public buses and tourism buses you can get the financial assistant from TB Trust to boost up your business.

Individuals/ firms involved in public transport Services and tourism business

Click here to refer interest rate chart

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Copy of CID of the applicant.
  • Two recent passport size photographs of the applicant.
  • Copy of the Quotation/invoice for new vehicles from authorized vehicle dealers.
  • Award letter in case of Passenger buses.
  • TCB letter and tour operating license in case of tours and treks.
  • Valid Import license for import of vehicles from 3rd countries (other than India).
  • Guarantor details, if any.
  • Ownership certificates of collateral security offered to bank.
  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
  • Proof of income to service the loan - verified income by way of rental receipts, BIT, etc.

5. HEAVY EQUIPMENT LOAN (earth moving heavy equipment)

TB Trust provides Heavy Equipment loans for purchase of new equipment like excavators, backhoe loaders, cranes, higher end construction equipments etc.

Individuals/ firms involved in hiring and construction business.

Click here to refer interest rate chart

As defined by the Prudential regulation/ Directives of Royal Monetary Authority.

Maximum term of 5 years.

  • Duly filled loan application
  • Copy of CID of the applicant
  • Two recent passport size photographs of the applicant.
  • Copy of valid trade license.
  • Copy of the Quotation/invoice for new machineries from authorized vehicle dealers.
  • Guarantor details, if any.
  • Ownership certificates of collateral security offered to bank.
  • Stamped and witnessed Letter of Consent for extension of charges duly signed by the property owner (applicable only for fixed assets).
  • Proof of income to service the loan - verified income by way of rental receipts, BIT, etc.

Download Application Form           

Download Power Of Attorney Form

Transport Loan EPEMS                     

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