Commercial Vehicle Loan
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Commercial Vehicle Loan
A Commercial Vehicle Loan from HDB Financial Services is an ideal financing solution for individuals and businesses engaged in the transport sector. Whether you are purchasing a new or a used commercial vehicle, we offer competitive interest rates and flexible repayment options to suit your business needs.
Enjoy a seamless experience with our hassle-free documentation process, fast loan approval, and swift disbursal, ensuring you get on the road without delays.
Our commercial vehicle finance solutions cater to a diverse range of customers, including:
- Large, medium, and small fleet operators.
- Individual buyers.
- First-time users.
- Partnership and proprietorship firms.
- Private and public limited companies.
- Educational institutions and Trusts.
Apply for the best commercial vehicle loan with HDB Financial Services today and drive your business forward with confidence.
Calculate your Loan EMI instantly
Availing a commercial vehicle loan from HDB Financial Services offers the following benefits:
Apply for a commercial vehicle loan online or by visiting your nearest HDB Financial Services branch and avail the best offer based on your financial profile.
New and Used Commercial Vehicle Loan for Different Vehicles
Based on your business requirements, we provide commercial vehicle loans for a variety of vehicles, such as buses, trucks, pick-ups, small, light, intermediate, medium and heavy commercial vehicles. Our commercial vehicle finance is offered for new and used commercial vehicles.
Top Up on Existing Commercial Vehicle Loans
Get the best commercial vehicle loan interest rates by opting for a refinance on your existing vehicle loan—only with HDB Financial Services.
Flexible Tenure up to 72 Months
HDB Financial Services offers a flexible tenure of up to 72 months based on your eligibility and financial profile.
Customized Financing Solutions for Individual Requirements
At HDB Financial Services, we understand your requirements and offer a customised solution to provide the best financial assistance. When you apply for our commercial vehicle finance, our representatives will assist you with the best solutions.
Simple Documentation and Easy Processing
Experience minimal and quick documentation with our commercial vehicle financing application process. When you apply for a commercial vehicle loan online, the entire process is paperless and all you need to do is upload the documents to get you started.
Assistance for Purchasing the Vehicle
Our customer service representatives are happy to assist you in purchasing the commercial vehicle essential for your transport business.
No specific criteria
- Proof of Identity & Address Proof - (Passport / Voter's ID / Driving License / PAN Card or Form 60 (Mandatory) / Aadhaar Card or Proof of possession of Aadhaar number (on Voluntary basis)
- Driving License / Voter's ID / Utility Bill (not older than two months) from any service provider – electricity, telephone, post-paid mobile phone, piped gas, or water bill.Registered Rental Agreement / Letter of allotment of accommodation from employer / Leave and license agreements with employers allotting official accommodation / Passport.
- Driving license, in case of First time users.
- Land holding proof, in case of Farmers.
- Income Tax (ITR) and financial statements for the last two years, complete with schedules and P&L account.
- Documents to prove relevant experience, in case of First time users.
- Bank statements latest bank passbook (updated within 90 days).
- Fleet list details.
- Proprietorship declaration, partnership deed, memorandum/association of article (MOA/AOA), board resolution, as applicable.
Take the next step & manage your immediate financial needs now.
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How to apply for a Commercial Vehicle Loan from HDB Financial Services
The loan application procedure for a commercial vehicle finance is very simple. You can apply from any of the following options:
- Step 1: Enter your mobile number and verify it by entering the OTP (One-Time Password) sent to your phone.
- Step 2: Fill in the Personal details.
- Step 3: Once Your Commercial Vehicle loan application is submitted, a representative will get in touch with you shortly.
- Step 1: Register and verify your mobile number using OTP.
- Step 2: Select ‘Apply for a New Loan’.
- Step 3: Enter loan amount, personal, and employment details.
- Step 4: Provide address and upload supporting documents.
- Step 5: Complete the process by submitting your image and digital signature.
2. Apply via ‘HDB OnTheGo’ App
Download the ‘HDB OnTheGo’ app from the Play Store or App Store.
Enjoy a fully digital and paperless loan experience. Pre-approved users can get loans with minimal documentation and instant disbursal.
3. Visit the Nearest Branch
Prefer face-to-face assistance? Visit your nearest HDB Financial Services branch and speak to our commercial vehicle loan representative for personalized support.
4. Apply by Phone
Call our customer support team on +91-4442984541 and apply for an instant commercial vehicle loan.
*HDB Financial Services Ltd may use the services of various agents on its behalf for the purpose of sales and marketing for HDB's products and services
*Terms and conditions apply, based on applicant's eligibility and financial profile.
Commercial vehicle loan FAQs
- i. Financing options for various commercial vehicles.
- ii. Loans for both new and used commercial vehicles.
- iii. Refinance facilities on existing commercial vehicle loans.
- iv. Flexible tenures up to 72 months.
- v. Customized financing solutions tailored to individual requirements.
- vi. Simple documentation and easy processing.
- vii. Assistance in purchasing the commercial vehicle.
Our Commercial Vehicle Loans are available to:
- Large, medium, and small fleet owners.
- Individuals.
- First-time users.
- Partnership and proprietorship firms.
- Private and public limited companies.
Applying online offers several advantages:
- Convenience of applying from anywhere at any time.
- Digital submission of documents.
- Easy tracking of application status.
- Potentially quicker approval and disbursal processes.
- i. The 'My Account' section on the HDB Financial Services website by entering your Date of Birth or PAN number and verifying your mobile number with an OTP.
- ii. The 'HDB- OnTheGo' mobile app
- iii. Write to us at customer.support@hdbfs.com.
- iv. Visit the nearest HDB Financial Services branch. You can locate here.
Repayments can be made through:
- E-mandate (Electronic Mandate).
- ACH (Automated Clearing House).
Click here to apply for the best Commercial vehicle loan now!
