Financing Small Commercial Vehicle

This product would be offered to salaried and self-employed people for purchasing new small commercial vehicle (excluding trucks, buses, tractors, cars etc.)

  • Maximum Tenure
    • Loan amount upto Rs. 1.50 lac, maximum tenor will be 36 months.
    • Loan amount above Rs. 1.50 lac, maximum tenor will be 60 months.
  • Maximum Funding – 85% of on-road price of vehicle.
  • Margin Money – 15% of the on-road cost of small commercial vehicle.
  • Processing fees - 2% + Applicable GST
  • Rate of Interest – Attractive Rate of Interest.