Retail Loans

Commercial Vehicle Loan

Commercial Vehicle Loan

Majority of the banks, financial institutions offer commercial vehicle loans to borrowers, which could be individuals, partnership firms, private limited companies, organizations, etc. We have a dedicated team for providing commercial vehicle and equipment loans.

These commercial vehicle loans can be used to purchase vehicles which will be used for commercial or business purposes, such as buses, trucks, tippers, tankers, and other small vehicles.

Documents Required for Verification and Processing

Required Documents

Business Proof Documents
  • Certificate of Incorporation / Certificate of Registration, MOA, AOA, Memorandum of Association Articles of Association
  • GST Registration Certificate/ Trade License,
  • Certified Copy of Registered Partnership Deed (or ) Sole Proprietorship Documents.
KYC Documents of Director / Partner
  • PAN Card
  • Aadhar Card
  • Passport
  • Voter ID
  • Driving License
Vehicle Quotation
  • Proposed Vehicle Quotation from Vehicle Dealer / Show room has to submit
Income Tax Returns
  • Last 3 Years IT Returns of the Borrower and Co-borrower
Income Proof Documents
  • Bank statement for the last six months
  • If salaried employee, last 6 months salary pay slips
  • In case of Business, last 3 years Audited Balance Sheet of business entity and proof of business conducted.
Existing Loans Details
  • If any existing loans are there, please provide sanction letters and repayment track records / statements.

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