Loan-Pao is the most preferred Loan provider in India.

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Commercial Car Loan

A commercial vehicle loan is borrowed to fund the purchase of a vehicle for commercial use. This loan is available for light commercial vehicles and heavy commercial vehicles. Commercial vehicle loan is a good source of finance required to buy a vehicle like crane , bus, truck, tipper, dumper etc for various business purposes. Commercial loan can avail from any lending organization.

Eligibility Criteria

  • Any individual / partnership firm / company with more than two years of business experience.
  • Existing owner of at least two commercial vehicles.
  • Captive customers and transporters.
  • New browwer can be taken loan guarantor should have at least 3 years experience in relevant transport operations.
  • Loan amount Funding up to 100% for behalf of past experience and excellent relationship with bank.
  • The tenure of the loan can range from a period of 1 year  to 5 months.

Documents required

  • Proof of Address e.g. Passport, Ration Card, Voters ID , D.L etc
  • Id proof required e.g. Pan Card , D.L , Passport etc
  • Proof of Experience in the Transport filed.
  • Track Record of past loans if availed.
  • Bank Statement
  • Last two year ITR in case of specific category of customers
  • Transportation Contracts to be submitted for higher quantum of funding.

Car Loan process

Commercial vehicle loan are processed in a very quick and easy. You can also apply online commercial vehicle loan on our website fill our loan form with correct details. And then we will receive your online your application. After received you’re application our team will contact you within working 24 hours.

Rate of Intrest

Commercial vehicle loan rate of intrest range from 9% to 13 %. With the tenure of the loan up to 12 months to 60 months.

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