Commercial / Industrial Vehicle Loans
Commercial vehicle loans are loans offered to borrowers, usually self-employed individuals, trusts, partnership firms, organisations, etc., for the purchase of vehicles for commercial or business purposes. These loans are availed by those who are involved in the transportation business. A commercial vehicle loan can be used to purchase buses, trucks, tippers, tankers, light and small commercial vehicles at affordable interest rates.
The entire process of commercial vehicle loan application is swift, hassle-free, and requires less paperwork.
Features of Commercial Vehicle Loans
- You can get a commercial vehicle loan at a low interest if your profile matches with the criteria put forward by the lenders.
- The processing time of a commercial vehicle loan is fast with easy documentation and approval.
- Most of the prominent banks in India provide commercial vehicle loans at affordable rate of interest without any security.
- Once all required documents are submitted, it takes around 7 days for the disbursal of the loan amount.
Advantages of Commercial Vehicle Loan
With commercial vehicle loans, you can finance the purchase of a single vehicle or a fleet that includes multiple varieties across manufacturers in India. This can also be a combination of small and light commercial vehicles that can drive your business.
Processing a commercial vehicle loan from Fullerton India is easy, fast and convenient. Generally, after submission of the required documents and final loan approval, it takes approximately 72 hours for the funds to come through.
Repayment tenures come with flexible repayment tenures that can range anywhere between 12 to 60 months with easy monthly instalments
Contact
- 201, 2nd Floor, Square Plaza, Vishwas Colony, Beside Bombay Sandwich, R.C. Dutt Road, Alkapuri, Vadodara-390007
- +91 8000206660
- Sales@ecpl.loans