Commercial Vehicle Loans in Hyderabad

About Commercial Vehicle Loans You no more need to shop around for owning commercial vehicles of your choice with Commercial Vehicle Loans in Hyderabad. Know about your Commercial Vehicle Loans • All commercial vehicles such as buses, trucks, tippers, light commercial vehicle can be financed with a hassle-free process with just a click. • You can avail commercial equipment loans for purchase of a brand new vehicle, used commercial vehicle as well obtaining a top-up on your existing loans. • Your commercial vehicle loans can also be availed for obtaining a working capital for smooth functioning of your business. • Getting your commercial vehicle loan is quite smooth and easy which can be obtained without any hassle and with minimum documentation.

Check Your Eligibility

Eligibility Criteria

• Commercial Vehicle loans in Hyderabad can be availed by any individual, organization, or partnership firm having more than two years of business experience.

• You can also avail commercial vehicles loans if you an existing owner of at least two commercial vehicles.

• Captive customers as well as transporters can also apply for commercial equipment loans.

Loan Amount

Although the loan amount that can be availed directly depends on applicant's requirement the funding of commercial equipment can be availed to 100% of the chassis value. The body funding can also be obtained and extended on a special requirement.

Sanctioning

• You commercial vehicle loan can be sanctioned within in a span of 3 to 4 days after submission of your application as well as your documents.

• The sanction time also depends on the nature of your loan, loan amount, et.

Repayment

• You can pay back your commercial vehicle loans with a loan tenure of 12 to 60 months, which depends upon the nature of the commercial equipment loan scheme and your repayment capacity.

• You can pay back your loan through EMI, E C S, and post-dated cheques.

• You can also choose to make a prepayment of loan depending on the loan term and conditions.

Documents Required

• Address Proof such as Passport, Voters ID, Ration Card, et.,

• Experience Proof in the relevant area

• Credit History of loans availed in past

• Six Months bank Statement

• Income tax return certificate

• In case of self- employed individual or business men you may be required to submit Financial statements for the last two years

• In certain cases you will be required to submit transportation Contracts for higher quantum of funding.

• You can also apply loan jointly with another co-applicant which can be your blood relatives or your business partner in your partnership firm.

Various stages of Commercial Vehicle loans in Hyderabad

• Submission of Application

• Discussions on specific requirements

• Evaluation of your application

• Approval of your loan application

• Documentation

• Completion of formalities

• Disbursement.