State Bank of Sikkim offers Motor Insurance Loan, the most unique form of Loan. The loan is applicable to all the Commercial Motor Vehicle having registration in the state of Sikkim.
To insure commercial motor vehicle with 1st Class Insurance
The minimum amount under the scheme is Rs. 10,000/= and maximum amount is Rs. 50,000/=
9.00% per annum Fixed at present.
To be repaid in 10 EMIs from the date of loan
No mortgage or security to be pledged.
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