Opening Hours : Mon - Sat : 10:00 AM - 04:00 PM

Call Us:01376-232735,233501

Email us:

Get Vehicle Loan

Commercial vehicles like buses and trucks are very important to a transport business. They contribute to productivity and generate income. Banks grant Commercial Vehicle Loans to businessmen to buy commercial vehicles. This is a Secured Loan.

Commercial Vehicle Loans are availed by individuals, partnership firms, HUF (Hindu Undivided Families) for financing the needs of owning and running commercial vehicles.

Commercial Loans are used in the transportation business. These loans fund trucks, tippers, buses, light commercial vehicles, three wheelers and so on.

Normally you pay 20% of the cost of the vehicle up front; and the remaining amount is financed by the bank.

Who can avail a Commercial Vehicle Loan?
  • Small, medium and large-sized fleet owners
  • Proprietors
  • Public Limited Companies
  • Cоnѕtruсtіоn Lоаnѕ
  • 100% Fіnаnсіng Prоgrаmѕ Available
  • With home loan you can apply for funiture loan

Loan Simple Process

You need to be sure there isn't anything embarrassing hidden variations of passages of Lorem Ipsum available but the majority have suffered alteration in some form, by ended injected humour.

Simple procedure

Less Document

No Security or Guarantors

  • If a borrowers profile matches the bank’s criteria, they can get a Commercial Vehicle Loan at low interest rates.
  • Processing time of a Commercial Vehicle Loan is quite fast.
  • Commercial Vehicle Loan has easy documentation and approval.
  • It takes around 7 days to disburse the loan amounts..
  • Banks charge around 2% penalty if borrowers prepay their loans..
  • Employees of Government/Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or Reputed Establishments.
  • Professionals or Self-employed individuals / Businessmen / Employees on contractual basis (Rehbare-I-Talim, Rehbare-I-Zerat
  • Pensioners , Family Pensioners drawing their pensions from our Bank.
  • Persons engaged in Agricultural and allied activities.
  • Students with a parent (Mother or father or both) as Co-borrower. Income of both the father and mother can be considered for arriving at quantum of finance and repaying capacity.
  • Housewives aged 18 years & above, with spouse as Co-borrower. Income of the spouse shall be considered for finance.
  • Minimum: 18 years.
  • Maximum age: 65 Years.