Vehicle Loan-Commercial Use

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We avail Vehicle Loan-Commercial Use for:
- Purchase of a New Commercial Vehicle of any make or model
- Purchase of a Used Commercial Vehicle of any make or model (not more than 5 years old)

Who Can Apply
- Minimum 21 years of age as on the date of application (Mandatory)
- Having Satisfactory Track Record in Transportation Field
- Business Entities having Satisfactory Track Record
- Having Own Business or are self-employed or professional
- Having other regular and steady source of income

- Financing up to 80% of Purchase Price
- Tenure up to 4 Years on Equal Monthly Installment Basis
- Interest Rate of 11.00% to 16.00%

Required Document
- Proof of Income

* Salary Certification by employer, in case of salaried individuals,
* Income Tax Returns certified by competent auditor in case of self-employed or a professional
- Proof of Identity – Citizenship certificate, Voters ID, Passport or Driving License
- Quotation of Vehicle
- Document Regarding Business Registration, PAN/VAT Registration, Audit Financial Statements of Last 3 Years and other needful Document (In Case of Business Entities)

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