Commercial Vehicle Loan

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.