Commercial Goods Vehicle Finance

Applicants must be engaged in a transport-related business, be at least 18 years of age, and not older than 70 years at the end of the loan tenure.

You can avail of a loan covering up to 95%* of the value of the vehicle, subject to eligibility and other applicable factors. The exact amount will depend on your income profile, credit history, and our assessment at the time of application.

Since financing covers up to 95%* of the vehicle value, the minimum margin contribution from your end could be as low as 5%* of the vehicle's cost. The exact down payment requirement will be confirmed during the loan assessment process based on your eligibility.

Shriram Finance offers financing of up to 95%* of the vehicle value. 100% financing is not a standard offering, but the high loan-to-value ratio means you need to arrange only a small portion of the cost yourself. Connect with our team to understand the best financing structure for your specific situation.

Interest rates for commercial truck finance start from 10%* p.a. and are offered on a fixed-rate basis, meaning the rate does not change over the tenure of the loan. The exact rate applicable to your loan will depend on factors such as your credit profile, income, and the loan amount. Use the EMI calculator on this page to estimate your monthly outgo at different rate scenarios.

Your EMI is calculated based on three variables: the loan amount, the interest rate, and the repayment tenure. A higher loan amount or interest rate increases the EMI, while a longer tenure reduces it. You can use the Shriram Commercial Goods Vehicle Loan EMI Calculator on this page to adjust these variables and find a combination that fits your monthly budget.

Repayment tenure of up to 84* months is available. A shorter tenure means higher EMIs, but lower total interest paid. A longer tenure reduces the monthly burden but increases the total cost of the loan. Choose a tenure that aligns with your cash flow and business income patterns.

Shriram Finance offers quick loan approvals with minimal documentation. The exact timeline depends on how quickly your documents are verified and processed. Ensuring that all required documents are complete and accurate before submission will help avoid delays and speed up approval.

Yes. Whether you are expanding an existing fleet or starting a new transport business, a Commercial Goods Vehicle Loan from Shriram Finance can fund your vehicle purchase. The loan is designed for transport-related businesses of all sizes, from individual operators to multi-vehicle fleet owners.

The key benefits include financing of up to 95%* of the vehicle value, competitive interest rates starting from 10%* p.a., flexible repayment tenure of up to 84* months, quick approvals, minimal documentation, and regular EMI reminders to help you stay on track. Together, these features make it easier to acquire a commercial vehicle without straining your working capital.

Yes, you can prepay or foreclose your loan before the end of the tenure. This can reduce your overall interest outgo. However, foreclosure charges of up to 4%* may apply. It is advisable to check the applicable charges with your Shriram Finance representative before proceeding.

Yes. Foreclosure charges of up to 4%* are applicable. All applicable charges are disclosed upfront.

Missing an EMI payment may attract late payment charges and can negatively impact your credit score. Shriram Finance sends timely reminders via SMS and email to help you avoid missed payments.

A few things that can strengthen your application: maintaining a stable and documented income, keeping existing loan repayments up to date, providing complete documentation without gaps, and demonstrating a clear business need for the vehicle.

If you are planning to apply for a commercial vehicle loan, it is advisable to have a strong credit score. This improves your eligibility and the terms you are offered; it is not the only factor considered. Income stability, repayment capacity, and the overall profile of the application are also weighed.