Whether you are expanding your fleet, replacing an existing vehicle or adding to your operational capacity, our Commercial Vehicle Loan is designed around a wide range of business and transportation requirements. With a simple application process and dedicated assistance, we make financing easier at every step.
Expand your fleet and strengthen your business operations with financing designed for new commercial vehicles.
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Add flexibility to your fleet with reliable pre-owned vehicles and financing tailored to your business needs.
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| Eligibility | Requirement |
|---|---|
| Age | The borrower must be 21–60 years of age |
| Income | The borrower must have a regular source of income and meet the lender's minimum annual income requirement |
| Driving License | A valid driving license is required as per the vehicle category and applicable requirements |
| Vehicle Age | The vehicle must be within the permissible age limit of up to 15 years* |
| Credit Score | A CIBIL score of 650 or above is preferred. We also accept applications from customers with a CIBIL score of (-1) * |
PAN Card, Voter ID Card, Aadhar Card, Driving License, Passport and other valid documents
Electricity Bill, Water Bill, Ration Card and other valid documents
Registration Certificate (RC) and Insurance Policy
Bank statements for the last 6–12 months
GST Registration and Property ownership documents*
Self-employed individuals, transporters, small fleet operators, proprietors, partnership firms, private limited companies and drivers with a minimum of 1 year of experience intending to own a vehicle can apply.
The loan can be used to finance goods carriers, transport vehicles and passenger vehicles, including eligible new and pre-owned vehicles.
Yes, financing is available for eligible pre-owned commercial vehicles, subject to the applicable vehicle age and other lending criteria.
The repayment tenure ranges from 12 to 60 months, subject to applicable terms and conditions.
A CIBIL Score of 650 or above is preferred. Applications from customers with a CIBIL Score of (-1) may also be considered, subject to applicable criteria.
Yes, a valid driving license is required as per the vehicle category and applicable requirements. A transport driving license is mandatory for certain heavy commercial vehicle segments.
A guarantor or co-applicant may be required depending on the applicant's profile and applicable product requirements.
You may be required to provide identity proof, address proof, vehicle documents, bank statements and applicable financial documents. The exact documentation may vary based on the applicant and loan requirement.
The loan amount is determined based on factors such as the vehicle, applicant profile, repayment capacity and applicable lending criteria.