Commercial Vehicle Loan– Drive
Your Business Forward

Looking to expand your logistics business or start your journey as a transport entrepreneur? A Commercial Vehicle Loan offers the perfect financial solution to purchase new or used commercial vehicles for business use. Whether it’s a truck, van, pickup, auto-rickshaw, or tempo, this loan helps you acquire the right asset to boost your income and scale your operations.

Tailored for self-employed individuals, fleet owners, small businesses, and rural transporters, this loan supports both first-time and experienced borrowers. It’s the key to owning your vehicle and growing a steady stream of revenue in the transport and logistics industry.

Commercial Vehicle Loan EMI Calculator

Amount must be between ₹50K and ₹50L.
9.50%
12 Months
Monthly EMI
0
Total Interest Payable
0
Principal Amount
0
Total Amount Payable
0
finance-up-to-90-of-the-vehicle-cost

Finance up to 90% of the vehicle cost

Available for new and used vehicles

flexible-repayment-options-up-to-60-months

Flexible repayment options up to 60 months

low-interest-rates-tailored-for-transporters

Low interest rates tailored for transporters

no-hidden-charges-or-complicated-terms

No hidden charges or complicated terms

minimal-documentation-and-fast-approvals

Minimal documentation and fast approvals

Who Can Apply?

  • Self-employed individuals
  • First-time vehicle buyers
  • Drivers with valid commercial licenses
  • Small businesses or logistics startups
  • Transport aggregators and rural service providers
  • Fleet operators or courier partners
Eligible Vehicles Include
Goods Carriers: Trucks, tempos, mini-vans, pickup vans, refrigerated vans

Passenger Vehicles: Autos, taxis, school vans, buses

Specialty Vehicles: Tippers, tankers, water delivery vans

Documents Required
  • Valid ID proof (Aadhaar / PAN / Voter ID)
  • Address proof (Utility bill / Rent agreement)
  • Bank statement (Last 6 months)
  • Income proof / Business registration (if applicable)
  • Commercial driving license (for individual applicants)
  • Vehicle quotation from dealer

 

Do’s and Don’ts of a Commercial Vehicle Loan
Do’s
  • Choose a vehicle based on your business needs and budget
  • Maintain insurance, registration, and vehicle fitness certificate
  • Keep a record of daily operations, fuel usage, and maintenance
  • Understand loan terms before signing the agreement
  • Repay EMIs on time to maintain good credit history
  • Service your vehicle regularly to ensure uninterrupted usage
Don’ts
  • Don’t use the vehicle for unauthorized or non-commercial purposes
  • Avoid skipping EMIs or delaying repayments
  • Don’t neglect vehicle insurance or legal compliances
  • Don’t apply for a higher loan amount than you can manage
  • Don’t ignore documentation – incomplete forms can delay approval

Submit Basic Details

Fill in your personal and business information

Document Collection

Upload or submit required documents

Loan Assessment

Get assessed based on income, credit profile, and vehicle type

Approval & Disbursement

Receive approval and get the loan disbursed directly to the vehicle dealer or your account

Start Earning

Put your vehicle to work and generate revenue from day one