Commercial Vehicle Loans
We finance purchase of Commercial Vehicles with our simple, transparent and hassle-free Commercial Vehicle Loans. Our plans are easy to understand minus any hidden costs.
Features & Benefits
- Funding for bus, trucks, light commercial vehicles and small commercial vehicles
- Funding for used vehicles and top-up on existing vehicle loans
- Simple documentation and easy processing
- Flexible financial solutions to meet individual requirements
- Assistance on purchasing the vehicle
Eligibility and Documentation
Eligibility - We provide finance to a broad spectrum of customers, which includes:
- Large, medium and small-size fleet owners
- Asset in urban/semi-urban areas
- Individuals
- First time users
- Partnership firms and proprietorship firms.
- Private and public limited companies
Documentation -
- Duly filled and signed loan application form
- KYC (know your customer) documents – utility bills, photo id cards
- Driving license, in case of first time users
- Land holding proof, in case of farmers
- Financial statements for the last two years, complete with schedules and P&L account or documents to prove relevant experience, in case of FTU
- Income tax return (ITR) for the last two years
- Bank statements for the last six months
- Fleet list details
- Proprietorship declaration, partnership deed, memorandum/association of article (MOA/AOA), board resolution, as applicable
Application Process
It just takes a few simple steps to get a loan from us. Apply today and manage your finances easily.