KTDFC

SRTO - Commercial Vehicles

KTDFC has entered into an agreement with M/s. Shriram Investments Limited to disburse loans to various Small Road Transport Operators(SRTOs) for financing the purchase of new/used Trucks and Heavy Commercial Vehicles. SIL will find out the prospective loanees and after scrutinising and confirming their repayment capacity they will recommend the loan application to KTDFC. The loan application as recommended above will be released on the basis of the Coporate Guarantee of SIL and the Personal Guarantee of the Directors of SIL. SIL will collect the EMI from the respective loanee and repay the amount to KTDFC on behalf of them .

Interest Rate

SRTO Loan
(Commercial vehicles)

Present rate

New rate

Used Vehicles

13% p.a (Net to KTDFC)

13.00%

New Vehicles

12% p.a (Net to KTDFC)

12.5%

New Commercial Vehicles

The SRTO Scheme for new commercial vehicles has been launched on November 1st, 2001 by the Hon'ble Minister for transport.

Sri. N. Ramakrishnan - the then Chairman of KTDFC, Sri. Rajeev. V., Divisional Manager of M/s. Shriram Investments Limited and Smt. Rajashree Ajith - Managing Director of KTDFC were also present on the occasion.

Used Commercial Vehicles

The SRTO Scheme for used Commercial vehicles has been launched on 18th April 2002 by the Hon'ble Minister for Transport.

Sri N. Chandrasekharan Nair I.A.S., the then Chairman of KTDFC, Sri Umesh. G. Revankar, President, Shriram Investment Limited and Smt. Rajashree Ajith, Managing Director, KTDFC were also present on the occasion.