I
N
A
KIT
A commercial vehicle loan helps you purchase new or used business vehicles such as trucks, buses, pickups, and tempos without affecting your working capital. It is ideal for transport businesses, logistics companies, and small business owners.
We work with leading banks and NBFCs to help you compare interest rates, EMI options, loan tenure, and eligibility criteria. Our experts assist you through the entire process — from application to approval and disbursement.
Commercial vehicle loans are structured to support business cash flow, offering flexible repayment options and higher funding based on vehicle type and usage.
Easy financing solutions to help you expand your transport or logistics business.
Easily expand your transport or logistics business fleet.
Affordable rates tailored for business requirements.
Repay comfortably with flexible tenure options.
Fast processing with minimal documentation for business owners.
Basic eligibility requirements considered by banks and NBFCs for commercial vehicle loans.
Applicants are generally required to be between 21 to 65 years.
Transport operators, logistics companies, and self-employed individuals are eligible.
Consistent business income or turnover is required for repayment capacity.
A credit score of 700+ improves approval chances and better loan terms.
Loan applicable for approved commercial vehicles like trucks, buses, and pickups.
KYC documents, business registration proof, income/tax returns, and bank statements are required.
Keep these documents ready for faster Commercial Vehicle Loan approval.
Compare commercial vehicle loan offers from leading banks and NBFCs to get best interest rates, flexible EMIs, and quick approval for business vehicles.
| Bank | Interest Rate | Processing Fee | Loan Amount | Tenure | Action |
|---|---|---|---|---|---|
| State Bank of India | 8.50% – 11.25% | Up to 0.50% | Up to ₹1.5 Crore | Up to 7 Years | |
| Bank of Baroda | 8.75% – 11.50% | Up to ₹10,000 + GST | Up to ₹1 Crore | Up to 7 Years |
| Bank | Interest Rate | Processing Fee | Loan Amount | Tenure | Action |
|---|---|---|---|---|---|
| HDFC Bank | 8.75% – 12.00% | Up to 0.50% | Up to ₹1.5 Crore | Up to 7 Years | |
| ICICI Bank | 9% – 12.50% | Up to 0.50% | Up to ₹1 Crore | Up to 7 Years |
| NBFC | Interest Rate | Processing Fee | Loan Amount | Tenure | Action |
|---|---|---|---|---|---|
| Tata Capital | 9.50% – 14% | Up to 2% | Up to ₹1 Crore | Up to 7 Years | |
| Bajaj Finance | 10% – 15% | Up to 2.5% | Up to ₹75 Lakhs | Up to 6 Years |
Simple and fast process to get your commercial vehicle loan approved with minimal documentation.
Apply For Commercial Vehicle LoanCommon questions about Commercial Vehicle Loans, eligibility, repayment, interest rates, and approval process.
