Commercial Vehicle Loans in Bangalore

Commercial Vehicle Loans in Bangalore: Buy all kinds of Commercial Vehicles with Commercial Vehicle loans in your city –Bangalore. 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

Commercial Vehicle Loan Amount

Although the commercial vehicle finance in Bangalore is directly proportional to the customer requirement, you can obtain commercial vehicle loan upto 100% of the chassis value of the vehicle you wish to purchase. The loan amount can be sanctioned within a period of 3 to 4 days of complete submission of your documents and application form. Time taken to sanction commercial vehicle loan also depends on the type of loan and the loan amount you wish to apply for.

Mode of Repayment for Commercial Vehicle Loan

You can repay your commercial vehicle loan gradually during a loan tenure upto 60 months. You can also plan your repayment according to your repayment capacity. You can choose from various options to pay back the loan amount which includes:

• Equated Monthly Installment (EMI)
• Electronic Clearance Service (ECS)
• Post-dated cheques (PDCs)

Eligibility Criteria

• Any individual, organization, or partnership firm having more than two years of business experience can get Commercial Vehicle loans in Bangalore.
• Existing owner of at least two commercial vehicles can apply for Commercial Vehicle Loans in Bangalore
• Existing customers and transporters can also apply for commercial vehicle loans

Documents Required
  • Address Proof
  • Identity Proof
  • Age Proof
  • Passport Sized Photographs
  • Experience Proof in the relevant area
  • Six Months bank Statement
  • IT Return certificate
  • Self- employed individuals or businessmen are required to submit Financial statements for the last two years (audited by a CA)
  • You may be required to submit Contract for transportation for obtaining higher loan amounts.
  • You can apply for commercial vehicle loan jointly with another co-applicant which can be your blood relatives or your business partner in your partnership firm.
Know to get Commercial Vehicle Loans in Bangalore

• Signing up at letzbank can help you avail commercial vehicle loans in Bangalore.
• Letzbank will give you a gist of commercial vehicle loans available in your city for purchase of a new commercial vehicle, used commercial vehicle, purchase of three-wheeler as well as obtaining a top-up on your existing commercial vehicle loans.
• Once you submit an online application at letzbank you can enjoy our services absolutely “Free” applicable on your loan only for online applicants. Apply today!