Commercial Vehicle Finance

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Product Overview

 

Commercial vehicle finance is provided for small, light and heavy commercial vehicles. Large fleet operators can expand their fleet through this finance.

 

  • Finance is available for new and used vehicles

  • Funding is available for commercial vehicles including Buses, trucks, tankers, tippers, tempos, mixers are all funded

  • All types and makes of vehicles can be funded

  • Balance transfer and top-up options are also available

  • Upto 100% of the value is also funded (depending on eligibility and bank norms)

  • Repayment tenor is available upto 60 months.

  • Any proprietorship, partnership, private and public limited companies are eligible for this facility

  • Minimum 2 years into same line of business, and 3 years business vintage is required.

  • Age criteria to be met - Minimum age of 18 years and maximum age of 65 years.

  • Two years of profitable business track is required.

  • Application form duly filled

  • Latest photo

  • KYC documents - ID address proofs & signature proof

  • Bank Statements for 6 months

  • Proforma Invoice

  • Income proof documents

  • Post sanction documentation

  • PDCs / ECS forms

  • Margin money - proof to be shown

Documents