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Commercial Vehicle Finance

  • Overview
  • Terms and Conditions
  • Interest Rates and Charges

Commercial Vehicle Loan provides hassle-free term loans for the purchase of new commercial vehicles to first time buyers, existing fleet operators and captive users.

Eligibility
  • Individual/proprietorship firm/partnership firm/company engaged in transportation and others for captive use.

Key Features
  • Faster loans - Our loan sanction and disbursal is one of the quickest, along with hassle-free documentation and doorstep service.
  • No prepayment of charges after completion of 50% of the loan tenure.
  • No collateral security.
  • No hidden charges.

Loan Amount
  • Up to Rs. 30 crores

Loan Tenure
  • Up to 5 years

Margin
  • Loans up to 100% on chassis (ex-showroom price) and loan up to 75% on the body.
  • Loan up to 95% on fully built vehicles.

For micro and small enterprises interest rate is linked to the repo rate (BRLLR). Other enterprises' interest rate is linked to yearly MCLR.

Related products

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