Avail Loans with
EMI starting at ₹2222 per lakh*
Kick-start your transport business with a
funding of 100%* on-road price of the vehicle
Avail Loans with EMI starting
at ₹2222 per lakh*
Kick-start your transport business with a funding of 100%* on-road price of the vehicle
-
On-road funding for small commercial vehicle
-
Funding on new and pre-owned trucks & buses
-
Loans for first time buyers/users and captive customers
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Loan tenure up to 60 months
-
On-road funding for small commercial vehicle
-
Funding on new and pre-owned trucks & buses
-
Loans for first time buyers/users and captive customers
-
Loan tenure up to 60 months
Commercial Vehicle Loan
With multiple loan options, and attractive interest rates, we equip a transporter to build and grow their business.
What’s more, a hassle-free loan, simple documentation, zero hidden charges, and complete transparency. We also depute a dedicated sales manager to take care of your business needs. Read More
So, accelerate your transportation business with an IDFC FIRST Bank Commercial Vehicle Loan.Read Less
ELIGIBILITY
Who can apply?
- Indian Citizens
- Proprietorships
- Partnership firms
- Companies (Pvt. Ltd. & Public Ltd.)
- One Person Company
Documentation
- Photo Identity and Address Proof: As per RBI defined KYC guidelines.
- Experience Proof: Driving license, registration copy of commercial vehicle owned, current account statement etc., experience letter from employer
- Income Proof: 6 months’ bank statement, ITR/audited financials for the last 2 years (if available)
- Fleet List: List of vehicles owned & supporting documents for the same (if available)
FEES & CHARGES
Know about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
Which commercial vehicle finance options are available at IDFC FIRST Bank?
We offer term loan facilities for the purchase of new commercial vehicles and used commercial vehicles, refinancing options for pre-owned vehicles, a balance transfer option, and much more.
Why should I get a Commercial Vehicle Loan from IDFC FIRST Bank?
Apart from the many benefits we offer, here are some of the features you can enjoy:
1. Hassle-free loan sanction process
2. Simple documentation and faster decision process
3. Longer loan tenures up to 5 years & moratorium period up to 90 days
4. No hidden charges & complete transparency
5. One-point contact – Dedicated Relationship Manager
6. Competitive pricing
7. One-stop-shop for all your banking needs
Who can apply for this loan?
We offer this loan and our Commercial Vehicle Loan interest rate to any individual, proprietorship concern, partnership firm, companies (private limited & public limited), One Person Company, Limited Liability Partnership, trusts, societies & HUF.
What is the maximum Commercial Vehicle Loan amount I can avail from IDFC FIRST Bank?
Our loan amount is dependent on our customer’s profile and our internal policies.
How is the commercial vehicle loan interest rate charged/calculated?
The interest on this loan is charged on a fixed rate basis and is dependent on the applicable scheme for a particular product.
How do I approach IDFC FIRST Bank for a Commercial Vehicle Loan?
There are many ways to avail a loan from IDFC FIRST Bank. Here’s a list of the many ways you can do so:
1. Apply online
2. Call us on our 24-hour customer care centre
3. Walk into any of our branches
4. Contact any of our direct sales personnel
Is a personal guarantor/co-applicant required for a Commercial Vehicle Loan?
The requirement for a guarantor/co-applicant is based on our customer’s profile and our internal policies.
Do I need to provide any security or collateral for a Commercial Vehicle Loan?
No additional collateral is required other than the vehicle on which the financing is extended.
