North & West India - 9810843674 (10 Lines), South & East India - 9902637374 (10 Lines), 9310222538
Commercial vehicle loans are required by companies who need such vehicles for transportation of raw material and finished products. On the other hand, some entrepreneurs also create a commercial vehicle fleet in order to lease them out to other companies. Some businesses, like the ones providing food and grocery delivery, need their own vehicles for such consignments. The range of amount required for commercial vehicles varies, depending upon the type and number of vehicles required. Here’s the process followed for procuring these loans:
You can fill the form on our website giving the details of your requirement and proposed usage of vehicles. We will find a suitable financing partner for you.
Furnish the documents showing profits for the past six months along with bank statements proving liquidity
We make sure you fall no short of the perfect borrower by offering hand-holding throughout your loan term for compliance issues.
We facilitate loans on all commercial vehicles, ranging from light to medium and heavy transit vehicles. Right from vans, buses and tempo travellers to trucks and trailers are financed through our syndicate partners.
For new commercial vehicles, you can get up to 100% of the cost of the vehicle. For used vehicles, this limit is 70% of the total cost. The valuation is done by our expert team as well as lender banks.
Our clients can get financing on the most feasible terms that suit them. In case there is slump in the market, instalments can be postponed without any excess charge. Prepayment options are also present.
The loan is provided for a period of up to 60 months. This makes it a viable option for entrepreneurs as they get a chance to grow the business before they have to make the full payment.
We facilitate easy loans for both new and used commercial vehicles. Many a time, purchasing used vehicles makes sense and in such cases we even assist clients in finding the right vehicles.
The processing of loan is extremely quick and simple. There are no hassles of negotiating with loan officers or running around for submission.
Our syndication allows us to help clients with different types of loans. From buses and vans to customise trucks and tankers for carrying milk or oil are financed through us. Here are the loan categories:
This is the most common category, where even 100% of the cost of vehicle is covered, irrespective of the type of vehicle.
In case of used vehicles, the loan sanctioned has a maximum limit of 70% of cost. We assist the clients for purchase and valuation of vehicles.
If you already own commercial vehicles and need a loan for their maintenance and up gradation then also we are there to support you.
If you are our existing customer and want to expand your fleet, you can easily get an instant top up loan from our partner banks.
A wide range of clients avail our specially designed service for facilitating commercial vehicle loans. Here is a list of probable applicants:
Educational institutions who need buses/ vans to ferry children to and from school
Corporate houses that provide conveyance facility to employees Manufacturers who need vehicles for carrying raw materials and finished goods Transport companies are the most obvious applicants as they need to maintain a working fleet Delivery operators who need commercial vehicles for bulk deliveries Freight booking companies who need medium to heavy commercial vehiclesStarting from individuals with a worthy income flow to partnership firms, sole proprietorships, private limited and public limited companies can apply for commercial vehicle loans. Moreover, we act as intermediaries for such loan to trusts and education institutions, registered as non-profit organisations. In the case of firms or companies, minimum two years of operations must be there.
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