COMMERCIAL CAR LOAN RATE OF INTEREST

COMMERCIAL CAR LOAN RATE OF INTEREST

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.

COMMERCIAL CAR LOAN 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 brrower 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.
  • COMMERCIAL CAR LOAN DOCUMENTS

  • 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 .
  • 6 month Bank Statement
  • Las two year ITR in case of specific category of customers
  • Transportation Contracts to be submitted for higher quantum of funding.
  • COMMERCIAL 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.

    COMMERCIAL CAR LOAN OUR BANK PARTNERS

    Every bank available in market today provides commercial vehicle loan like sbi , icici bank , ing bank , hdfc bank, kotak mahindra bank , citi bank, standard chartered bank , axis bank , magma , cholamandlam etc.

    COMMERCIAL CAR LOAN INTEREST RATE

    Commercial Vehicle Loan rate of interest range from 9% to 13 %. With the tenure of the loan up to 12 months to 60 months.

    HOW TO APPLY ONLINE

    loanpao.com option providing you go to our website www.loanpao.com Apply Online Now

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