Used Commercial Vehicle & Construction Equipment Loan

Starting at just 10.30%

Get LTV up to 90% of the valuation amount or depreciation grid

From 1 Year to 4 Years (Subject to vehicle not exceeding 10 years for CV asset and 8 years for CE asset at the end of the proposed tenure)

• Balance Transfer Cases
• Top-Up & Parallel Loan
• Repurchase
• Refinance

Loan Eligibility

Used Commercial Vehicle loans are available for:

• Self-Employed Individuals
• Sole Proprietorships
• Partnership Firms
• Private Limited Companies
• Limited Companies
• LLP
• HUF
• Registered Trusts/Societies

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Terms & Conditions

• Bank reserves the right to reject any application / renewal without assigning reasons thereof. It shall be the sole right of the Bank to consider the proposal on case to case basis after taking into consideration, the credentials/credit worthiness of each of the customers.
• The applicant will undertake to inform the Bank as and when there is a change in address or employment.
• The Terms & Conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at the Bank's discretion.

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