Commercial Vehicle Loan
Keep your fleet growing and your wheels turning.
Expand your fleet with financing for new and used trucks, tippers, buses, pickups and tractors. We work with lenders who understand transport businesses and seasonal cash flows, including first-time buyers.
- Funding
- Up to 90% to 100% of vehicle cost
- Tenure
- Up to 5 years
- Security
- Vehicle is hypothecated
- Processing
- 2 to 5 working days
Choose the commercial vehicle loan that fits you
Not sure which one is right? Tell us your situation and we'll recommend the best fit.
New CV loan
Light, medium and heavy commercial vehicles from any manufacturer.
Used CV loan
Pre-owned trucks and buses, valued on age and condition.
Refinance on owned vehicles
Raise working capital against vehicles you already own.
Tractor & farm vehicle loan
Tractors and implements for farmers and agri businesses.
Why people choose our commercial vehicle loan advice
- First-time buyers and fleet owners welcome
- EMIs aligned with seasonal income
- Funding for body building on some lenders
- Quick processing with dealer tie-ups
Who can apply, and what it costs
We check your eligibility before applying, so there are no surprises and no unnecessary hits to your credit score.
- Transporters and fleet operators
- First-time buyers with a guarantor
- Businesses with transport or logistics contracts
- Valid commercial driving licence (for owner-drivers)
- Processing and documentation fees
- Insurance is mandatory throughout the loan
- Late payment and cheque bounce charges
Commercial Vehicle Loan interest rate: what decides it?
Commercial Vehicle Loan interest rates change with the market and differ from lender to lender, and even between two applicants at the same bank. These are the factors that decide the rate you are offered.
What it depends on
- Credit (CIBIL) score: 750 and above usually gets the best rates
- Income, job or business stability and employer profile
- Existing EMIs compared with your income (FOIR)
- Loan amount, tenure and, for secured loans, the loan-to-value ratio
- Fixed or floating rate, and the lender's benchmark (repo / EBLR / MCLR)
- Processing fees and offers running at that lender
How to get a lower rate
- Compare several banks and NBFCs before applying; we do this for you
- Improve your credit score and clear small dues first
- Add an earning co-applicant to raise eligibility
- Negotiate the processing fee, not only the interest rate
- Review your loan every year and switch if a better rate is available
Documents required for Commercial Vehicle Loan
Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.
Document Proof
8 items- Aadhaar Card
- PAN Card
- Voter Card
- Driving Licence
- Utility Bill (Electricity / Water)
- Passport
- Quotation of the Vehicle
- RC of Existing Vehicles (fleet owners)
Income Proof
4 items- Income Tax Return (2 yrs)
- Bank Statement (12 months)
- Current Salary Slip (if salaried)
- Form 16 (if salaried)
Document Proof
9 items- Utility Bill (Electricity / Water / Telephone)
- Bank Statement
- GST Certificate
- Udyam Certificate
- Aadhaar Card
- PAN Card
- Passport
- Quotation of the Vehicle
- RC of Existing Vehicles (fleet owners)
Income Proof
3 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
Document Proof
8 items- Utility Bill (Electricity / Water)
- Bank Statement
- GST Certificate
- Company PAN Card
- MOA / AOA / COI
- Udyam Certificate
- Quotation of the Vehicle
- RC of Existing Vehicles (fleet owners)
Income Proof
5 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
- Audited Balance Sheet (2 yrs)
- Complete Balance Sheet with Audit Report (3 yrs)
The exact list can vary by lender and your profile. Not sure what applies to you? Our advisor will confirm in one call.
From first call to disbursal
Scroll through the steps to see what we do at each stage.
Expert tips before you apply
- 1Show contracts or regular freight income to get better terms.
- 2Keep vehicle insurance and permits current; lapses can delay funding.
- 3Ask for EMI holidays in lean months if your business is seasonal.
Commercial Vehicle Loan: common questions
Talk to an expert today
Share a few details and we will call you back. The first consultation is free.
- Call us+91 92122 66375
- WhatsAppChat with an advisor
- Office hoursMon to Sat, 10:00 am to 7:00 pm
Request a call back
We usually respond the same working day.
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