Commercial Vehicle Loan in Ahmedabad

About Ahmedabad:Ahmedabad the city full of life, colours and festivals is also one of the biggest commercial hub in India. From light to heavy commercial vehicles you can avail commercial vehicles loans in Ahmedabad from the top lenders in the market.

You can make use of commercial vehicle loans for purchase of all kinds of commercial vehicles such as buses, trucks, tippers, as well as light commercial vehicles. You can also get a top-up on the existing commercial vehicle loan. Loans for purchase of Commercial Vehicle can also be availed to obtain working capital for smooth operations of your business. You can easily get commercial vehicle finance effortlessly through easy set of procedures and minimal documentation.

Check Your Eligibility

Features of CV Loans in Ahmedabad

1. Loan Amount- Applicant can apply for commercial loans in Ahmedabad as per his requirement. Banks and NBFC’s finances up to 100% of the chasis value of the vehicle you want to purchase. Hassle free and quick sanction of the loan is available. Minimum TAT is 4 days after completion of documentation.

2. Tenure period: Longest repayment period up to 5 years is offered to the applicant.

3. Mode of repayment: you can choose to repay your loan from various options available such as

• Electronic clearing system

• Post dated cheques

• Equated monthly instalments

4. Rate of interest: lower and attractive rate of interest is offered to the applicant. Banks lend commercial vehicles loans in Ahmedabad @ 12 % to its customers. More over the rate of interest depends on the profile of the customer.

Eligibility for Commercial Vehicle Loan in Ahmedabad

You should be resident of India. You should be between the ages of 21 – 65 years while applying for the commercial loans in Ahmedabad. Self employed individual, firms and companies, partnerships organisations can apply for Commercial loans. You should be in business for minimum 2 years. Existing owner of at least two commercial vehicles can apply for Commercial Vehicle Loan in Ahmedabad. Existing customers and transporters can also apply for commercial vehicle loans.

How to apply Commercial Vehicle loan at letzbank

Login to our portal Letzbank- Click on Commercial Vehicle Loans- Check your eligibility- Compare the rates with our Valuable Lender banks across the country- This saves your time, effort and money- Now u can choose the bank as per your accordance and requirements-For quick application enter your Name, Email address and Mobile number- Sales executive from the respective bank will call you- simple and quick results as per your requirements.

Documents required for commercial vehicles in Ahmedabad

• Age proof

• ID proof

• Application form

• Photograph

• Residence proof

• Income proof

• Current Repayment track

• Work In Hand/Contract Copies.

• Signature verification proof

• Existing Vehicle Ownership proof

• Proforma invoice from the dealer from where you are planning to purchase the CV.