Procurement of commercial vehicles which include waste collection vehicles, water bowser, sludge tanker, multipurpose trucks, excavator, backhoe loader, graders, tractors, ambulances, hearse and preparation of Quinquennial Valuation Rolls (QVRs).
- No loan limit but based on the capacity of the council to repay the loan
- Maximum 6 months grace period
- Maximum 5 years repayment period
- Repayment mode: Mandatory monthly Bank Standing order
- Interest rate at RBM prime rate plus 1 percentÂ
- Loan processing fee: 1.5 percent of the loan amount
- Collateral: the funded project and property with title deed
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