Commercial Vehicle Loan

A Commercial Vehicle Loan is a specialized loan product designed for individuals, small businesses, or large enterprises involved in transportation or logistics. This loan facilitates the purchase of new or used commercial vehicles such as trucks, buses, vans, tippers, or other heavy-duty vehicles used for business purposes.

Lenders typically finance a significant portion of the vehicle's cost—ranging from 70% to 100%—depending on the borrower's credit profile and the vehicle type. The repayment tenure can range from 12 to 60 months with flexible EMI options.