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Commercial Vehicle Finance

  • Overview
  • Most Important Terms and Conditions (MITC)
  • Interest Rates and Charges

Commercial Vehicle Finance : Overview

Commercial Vehicle Finance Scheme provides hassle-free term loans for the purchase of new commercial vehicles to First Time Buyers, Existing Fleet Operators and Captive users.

Commercial Vehicle Finance : Most Important Terms and Conditions (MITC)

  • Individual / Proprietorship firm / Partnership Firm / Company engaged in transportation and others for captive use.

Key Features
  • Faster loan - Our loan sanction and disbursal is one of the quickest. We provide hassle-free documentations.
  • No Collateral Required
  • No need for existing Relationship
  • Standalone Sanction process for the existing borrowers
  • Simplified loan assessment method
  • No hidden charges.

Loan Amount
  • Up to Rs. 30 crores

Loan Tenure
  • Up to 5 years

  • Loans up to 100% on chassis (ex-showroom price) and loan up to 60% on the body.
  • Loan up to 95% on fully built vehicles.

Commercial Vehicle Finance : Interest Rates and Charges

  • Concessional & Competitive Rate of Interest
  • Concessional One Time Processing Fees

(For MSME’s interest rate is linked to the Repo Rate (BRLLR). Other enterprises interest rate is linked to yearly MCLR)

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