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Commercial vehicles play a vital role in enhancing business transportation efficiency, offering logistical flexibility and long-term cost benefits. If you’re in need of financing for a pre-owned commercial vehicle, our Used Commercial Vehicle Loan provides a hassle-free solution through a simplified process.
With our Used Commercial Vehicle Loans, you can even transfer your current loans and take advantage of reduced interest rates. Maximise the benefits of our service by refinancing your pre-owned commercial vehicles. Apply for our Used Commercial Vehicle Loan and simplify your work life.
| Schedule of Charges | Charges (inclusive of GST) |
|---|---|
| Processing Fees | Upto 5% |
| Penal Charges | 36% per annum on unpaid installment |
| Foreclosure Charges | a) Remaining loan tenure is <=12 months - 3% on principal outstanding b) Remaining loan tenure is >12-<=24 months-4% on principal outstanding c) Remaining loan tenure is >24 months - 5% on principal outstanding |
| Other Charges | |
| Bounce Charges | Rs.650 |
| Duplicate NDC/NOC Charges | Rs.500 |
Get an estimate of your EMI, processing fee and other essential information. Get the calculation done instantly with a used commercial vehicle loan EMI Calculator and make prudent decisions.
Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.
Indian
18 – 65 years*
Min 1 Year
The interest rates for a used commercial vehicle loan may differ depending on several factors like customer segment, credit score, loan tenure, and age of the vehicle.
Check your eligibility to apply for a second-hand commercial vehicle loan.
We can fund heavy vehicles up to 15 years old (asset age) for a used commercial vehicle loan.
