BoI and Swaraj Mazda launch financing for small road operators

Bank of India has launched a scheme called "BOI-Swaraj Mazda Small Road Transport Operator Scheme" in tie-up with Swaraj Mazda, for extending finance to the Bank's existing as well as prospective customers for purchase of Light Commercial Vehicles.

The finance will be available, both under direct agriculture scheme to the farmers and under the Small Road Transport Operators' scheme to others. Interest rates for these loans have been attractively offered and start from 9 per cent pa. The loans could be repaid over a period up to seven years.