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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

The vehicle/Asset is hypothecated to Axis Bank and lien is marked in favour of Axis Bank on the Registration Certificate, Final Invoice and Insurance Policy.
The lending rates vary on the basis of discounts which are offered by manufacturers and dealers. Our Bank has a tie-up with all leading manufacturers and authorised dealers. Our sales team would help you negotiate the best rate on your loan
Axis Bank finances most of the Commercial Vehicles and Construction equipment’s which are available in India.
No, you cannot sell the Vehicle/Asset unless your loan account has zero outstanding. A NOC is required from the bank before you can sell the Vehicle/Asset
Axis Bank Vehicle/Asset Loans are offered at fixed rate of interest, i.e., the interest rate remains unchanged for the tenure of the loan
You can repay the loan by depositing Post dated Cheques. If you are an Axis Bank account holder, you can opt for direct debit (standing instruction) of your savings account. ECS, Electronic Clearing Service debit mandate is other mode of repayment by which your bank account gets debited for the loan repayment on a specific date in a month.
The choice is completely yours. However, from customer ease perspective, most of our customers today opt for Direct Debit instructions such as Standing Instructions Electronic Clearing Services. Please note that there is nominal charge in case you wish to change to either of the repayment mode. Please visit your retail asset centre to assist you on the same. ECS facility will enable direct debit of your bank account every month on the specific instruction.
You can contact the nearest RAC centre for any queries .To address your Queries, a customer service representative is available in each RAC. Please mention your loan account number and contact details and e-mail id in all your correspondence.
Dishonouring a cheque is a criminal offence making you liable for legal action and your credit profile could also be seriously damaged. Apart from that you need to pay the bouncing charges as well
After the last payment is made, you can get the lien of the bank on your Commercial Vehicle and Construction Equipment Loan cancelled. You will be issued a loan closure letter by the bank along with Form 35 and NOC to the RTO for cancelling the lien from the R/C book. A similar NOC will also be issued to the insurance company requesting for the deletion of their lien from the policy.
You can approach as in any of the following ways:
Walk into our Branches / Retail Asset Centres
Contact our sales team at the dealership

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