What is the commercial vehicle loan?
- Posted: 2nd July, 2025
- Updated: 2nd July, 2025
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A Commercial Vehicle Loan is a financing option specifically designed for purchasing vehicles used for business purposes. These loans can be used to buy new or used commercial vehicles such as trucks, buses, and tempos.
Key benefits of a Commercial Vehicle Loan:
- Competitive interest rates
- Flexible repayment tenures (up to 5 years)
- Easy documentation process
- Customisable loan amounts based on vehicle type and business needs
Common uses:
- Expanding your business fleet
- Replacing old vehicles
- Purchasing specialised commercial vehicles
Popular FAQs
- Can I use collateral other than the car itself?
- Can I use business income proof for a personal car loan?
- Can I take a loan for a car under company ownership?
- Can I negotiate the used car loan interest rate before final approval?
- Can I get a used car loan for vintage or classic cars?
- Can I get a loan for a car that’s already under hypothecation?
- Can I get a loan for a car older than 10 years?
- Can I buy a used car without transferring the RC and still get a loan?
- Can I apply for a used car loan before choosing the car?
- Are there any loan options for pre-owned luxury cars?
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Get a business loan at low interest rates
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