Petroleum Dealership Finance
This product is designed to provide structured finance for Oil and Gas dealers of petroleum products e.g., Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Dual Purpose Kerosene (DPK), Liquified Petroleum Gas (LPG), Compressed Natural Gas (CNG) and Lubricant Oil.
This product offers working capital finance to filling stations, gas plants and skid owners with NMDPRA/DPR/PPMC licence for the purchase of Petrol (PMS), Kerosene (DPK), Diesel (AGO), Liquified Petroleum Gas (LPG), Compressed Natural Gas (CNG) and Lubricant Oil.
Must provide evidence of dealership with a registered IPMAN or Major Oil Marketing Company.
No, but you must have been a customer of a reputable Bank for not less than 1 year.
Yes, you should have been in the business for not less than 3 years.