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Commercial Vehicle Loan

A Commercial Vehicle Loan enables businesses or individuals to purchase new or used commercial vehicles with flexible repayment options and competitive interest rates. The loan is secured against the vehicle purchased, and the borrower can repay the loan in easy EMIs (Equated Monthly Installments) over a fixed tenure. These loans are ideal for business owners, transporters, fleet operators, and other enterprises looking to expand their operations or improve logistics capabilities

Overview

Commerical Car | Mini Bus | Tempo | 3 Wheeler | Bus | Truck etc

Features

  • Most hassle free loan
  • Attractive Interest rate starting with --.--% with –
  • Rebate of 0.50% for Standard Assets
  • LOW processing charges
  • Hassle free documentation

Eligibility

  • Age: 18 to 65 years.
  • Constitution:Individuals/Firms/Schools/Pvt.Hospitals/TransportCo./ Trust/Society/ Industrial Units etc.

Documentation

  • Proof of Income – ITR & Form 16
  • Proof of Address & Identity
  • Vehicle Quotation

Documentation

  • Proof of Income – ITR & Form 16
  • Proof of Address & Identity
  • Vehicle Quotation

Others

  • Loan Amount : Mion 10 Lacs to Max as per project cost
  • Choice of Loan : Term Loan & Cash Credit
  • For more quries please contact to your nearest branch.
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