Commercial Vehicle Loans FAQs

Commercial vehicle loans can be offered to self-employed individuals, sole proprietorships, partnership firms, limited liability partnership, companies, educational Societies & Private trusts.

Tenure up to 72 months on Chassis/Fully Built/Body of the vehicle.

Funding is allowed to customers with/without commercial vehicle ownership. For funding customer without commercial vehicles –the customer should have relevant experience.

No. The income documents are not compulsory, we may require other details like ownership of vehicle and repayment records.

Based on profile, up to 10% of the margin has to be paid by the customer under Commercial Vehicle Finance.