Explore all Credit Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore Gift City
About Us
Investors
Careers
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now

Commercial Vehicle Loan: Eligibility and Documentation

ELIGIBILITY

  • Indian Citizens
  • Proprietorships
  • Partnership firms
  • Companies (Pvt. Ltd. & Public Ltd.)
  • One Person Company
  • Limited Liability Partnership
  • Trusts
  • Societies
  • HUF – Hindu Undivided Family

Business Experience:

  • Business experience of 2 years or less in the relevant field

Age Criteria of applicants:

  • Applicable only for Indian Citizens
  • Minimum age of 18 years & maximum age of 66 years

 

DOCUMENTATION

  • KYC Proof: Valid ID & address proof, passport-sized photograph
  • Links: Individual (savings account KYC page) & non-individual (current account KYC page)
  • 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)
  • Repayment Record: Past loan repayment record (if available)
  • Other: Any other document solely at the discretion of bank authorities (if required)

Proposed Asset Details:

  • Pro forma invoice/quotation (for new vehicle finance)
  • RC copy, insurance copy (for repurchase, refinance on pre-owned vehicles, balance transfer)

Read more about Products and
Services

Download IDFC FIRST Bank App

  • Download Now