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Commercial Vehicle Finance

Eligibility

  • Individual / Proprietorship Firm/Partnership firm / company engaged in Transportation and others for Captive Use.

Purpose

  • To provide hassle- free Term Loan for purchase of New Commercial Vehicle to First Time Buyers and Existing Fleet Operators and Captive users.

Key Features

  • Faster loan - Our loan sanction and disbursal is one of the quickest with hassle-free documentation and doorstep service.
  • No Prepayment Charges after Completion of 50% of Loan tenure.
  • No Collateral Security
  • No hidden charges.

Loan Amount

  • Upto Rs. 30.00 Crores

Loan Tenure

  • Upto 5 Years

Margin

  • Loans upto 100% on Chassis (Ex-Showroom Price) and Loan upto 75% on Body.
  • Loan upto 95% on Fully Built Vehicle

Rate of Interest

    For Micro and Small Enterprises Interest rate linked to Repo Rate (BRLLR). Other Enterprises Interest rate linked to Yearly MCLR.

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