What is the maximum repayment period for commercial vehicle loan?

The maximum repayment period for a Commercial Vehicle Loan can extend up to 7 years, depending on:

• Financial institution Policies: Different financial institutions have varying limits.
• Vehicle Age: New vehicles often qualify for longer terms.
• Borrower’s Creditworthiness: Strong financial profiles may negotiate better terms.

Selecting a suitable repayment period helps manage cash flow effectively while ensuring timely payments.