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Commercial Loans

Used Commercial Vehicle Loan

Get loans to purchase pre-owned commercial vehicles or refinance existing free vehicles.

 

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High LTV Ratio

Upto 90% on vehicle valuation/depreciation grid value

Low Interest Rates

Starting at just 10.25%

Maximum Tenure

4 years

Loan for Multiple Needs

Loan can be used for the purchase of pre-owned commercial vehicles, or refinance of existing free vehicles

Features and Benefits

Starting from just 10.25%
Upto 90% on vehicle valuation amount OR depreciation grid value as the case may be
From 1 year to 4 years (subject to vehicle not exceeding 8 years at the end of the proposed tenure)
Used Commercial Vehicle loans are available for:
  • Self-Employed Individuals
  • Proprietorships
  • Partnership Firms
  • Private Limited Companies
  • Limited Companies
  • LLP
  • HUF
  • Registered Trusts
  • Societies
  • 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 and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Bank's discretion

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