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Commercial Loans

New Commercial Vehicle &
Construction Equipment Loan

Drive to a better future with loans for your commercial vehicle and construction equipment needs.

 

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High LTV Ratio

Upto 100% calculated on Net Invoice Value of the vehicle/Asset

Low Interest Rates

Starting at just 10.25%

Maximum Tenure

5 years

Loan for Multiple Needs

Loan can be used to buy different products manufactured by various big and small manufacturers

Features and Benefits

Interest Rates and Charges

For Loans with tenure upto 36 months

1 Yr MCLR Spread over MCLR Effective ROI Reset
 8.40% 1.85% - 6.60% 10.25% - 15% No Reset

For Loans with tenure more than 36 months

Effective ROI
10.25% - 15%

Type and Charges
Sr. No Type Charges
1
Cheque Bounce / Instrument Return Charges Rs 500/ Instance
2
Cheque / Instrument Swap Charges Rs 500/ Instance
3
Duplicate Statement issuance charges Rs 500/ Instance
4
Duplicate Repayment Schedule issuance charges Rs 500/ Instance
5
Duplicate No Dues Certificate / NOC Rs 500/ Instance
6
Late Payment Penal Interest 2% per month
7
Loan cancellation / Re-booking Rs 1000/ instance
5% of the Principal Outstanding after 180 days from date of disbursement
8
Foreclosure Charges 10 % of the Principal Outstanding upto 180 days from date of disbursement
5% of the Part Payment amount after 180 days from date of disbursement
9
Part Prepayments Charges 10% of the Part Payment amount upto 180 days from date of disbursement
10
Stamp Duty At Actuals
11
Issuance of Credit Report Rs 50/ Instance
*Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
For further details, please Click Here




WHAT'S NEW ?

Fixed Deposits

No Penalty on Withdrawal from your Fixed Deposit*

On First Partial Withdrawal upto 25% of your Original FD Principal value

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Neo Credit-Card 

Get 10% OFF*

On shopping, dining and more with NEO Credit Card

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Home Loan

Axis Bank Home Loan


Pay your EMIs regularly and get 12 EMIs waived off at no extra cost

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Personal Loan Zero charges

Get Axis Bank Personal Loan

Starting from Rs. 50 thousand to Rs. 15 Lakhs

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ALL LOANS

Home Loan

Car Loan

Commercial Vehicle Loan

Other Loans

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