Commercial Vehicle Loan
100% finance for purchasing vehicles
As a business owner, you must look after various aspects of running your operations, including transportation. To that end, you require one or more commercial vehicles that can help you provide services or transport goods and raw materials across areas. Since purchasing a vehicle can be working capital-intensive, you can rely on the HDFC Bank Commercial Vehicle Loan and avail of financial assistance with utmost ease.
With the HDFC Bank Commercial Vehicle Loan, you can seek financing for all types of commercial vehicles, new or second-hand, from the top manufacturers in the country. From buses, trucks, tankers, and tempos, the commercial vehicle finance at HDFC Bank.
You can avail of high-value loan amounts that can cover the entire cost of the purchase, along with top-up options. Plus, you can enjoy attractive interest rates, customisable EMI payments, and flexible tenures. You can apply for a Commercial Vehicle Loan at HDFC Bank easily by meeting basic eligibility criteria and submitting minimal documentation. Today, you can even apply for the Commercial Vehicle Loan online, from anywhere at any time.
Opt for the HDFC Bank Commercial Vehicle Loan today and watch your business reach new heights of efficiency!
New commercial vehicles loan
- Get commercial vehicle finance on wide range of vehicles – ranging from 1.5-tonne to 49-tonne GVW (Gross Vehicle Weight):
- Avail loan for all variety of buses, Trucks, Tankers & tippers
- Up to* 100% funding
- Competitive Rate of Interest
Used commercial vehicles
- Loan given for purchase of Used Commercial Vehicles or Refinance, basis parent loan’s repayment track record.
- Up to* 90% funding
- Competitive Rate of Interest
Balance Transfer
- A vehicle loan transfer is a process of transferring your existing commercial vehicles loan's balance from one lender to another.
- Attractive interest rates
- Quick & transparent process
- Low EMI
Top up loan
top-up loan is a loan given by the bank over and above your existing commercial vehicles loan
- Attractive interest rates
- Quick & transparent process
- Low EMI
Features
Types of loans
Choose from four types of loans for commercial vehicles:
- New
- Used/ refinance/ re-purchase finance
- Balance transfer
- Top-up loans
Types of vehicles
Get commercial vehicle finance on wide range of vehicles – ranging from 1.5-tonne to 49-tonne GVW (Gross Vehicle Weight):
Buses
- Intracity
- Intercity
- School and college bus
- Staff bus
Trucks
- Small truck
- Light truck
- Medium truck
- Heavy truck
- Customised truck
Tankers
- Milk tanker
- Water tanker
- Oil tanker
- Chemical tanker
- Petroleum tanker
- Gas tanker
Tippers
Transit mixers
Tempos
Manufacturers
Purchase your commercial vehicle from some of the best Indian automobile companies, including:
- Tata Motors
- Eicher Motors
- Volvo
- Mahindra Navistar
- MAN
- AMW
- Mahindra & Mahindra
- Swaraj Mazda
- Bajaj Tempo
- Ashok Leyland
Building my fleet is now easier with the wide range of options
Processing
Enjoy simpler documentation and doorstep service
Benefit from our short turnaround time for loan approval and disbursal
Get complete clarity on loan process with no hidden charges
Receive updates on status of loan application at every stage
Rates and charges
Receive attractive interest rates and low charges on your commercial vehicle loan
Loan amount
Get financing for up to 100% of asset cost
Tenure
Opt for tenure of up to 40 months
EMIs
Customise EMI schedule to match your cash flow
Branches
Contact the following locations to know more about commercial vehicle finance:
| Region/State | Name | Contact Number |
|---|---|---|
| AP | Ramesh Babu Pasumarthi | 9395153674 |
| East | Rajiv Kumar Sharma | 9350013294 |
| Karnataka | Shridharmurthy Narayana Rao | 9449055046 |
| Kerala | Anil Kuttappan | 9388318005 |
| North | Rajiv Kumar Sharma | 9350013294 |
| Tamil Nadu | Saibabu Rao | 9885559177 |
| Telangana | Srinivas Soosairaj | 9849981144 |
| Telangana | Bhasker Reddy M | 9391174316 |
| West | Vijay Prasad | 9377333616 |
Commercial Vehicles Loan FAQS
Q1. What is Commercial Vehicle Loan?
A Commercial Vehicle Loan is a secured loan that assists you in purchasing any commercial vehicle essential for your transport business. It requires no collateral. HDFC Bank offers commercial vehicle / used/ refinance/ re-purchase finance / balance transfer / top-up loan / vehicle loan with quick documentation and instant approval that makes it an ideal solution when you need financial assistance for your transport business.
Q2. Do you finance the body construction as well?
The finance for body construction is extended for certain customer profiles as defined by the product policy.
Q3. What is the maximum amount of finance given?
The maximum amount of finance depends on the customer profile and the product.
Q4. Do you provide commercial vehicle finance?
Yes, we provide finance for all makes of commercial vehicles.
Q5. What is the maximum loan amount I can get?
You can avail a maximum loan of up to 100% of the chassis value of commercial vehicle under consideration.
Q6. Can I sell the vehicle / asset before I repay the loan?
No, you cannot sell the vehicle / asset unless your loan account has zero outstanding.
Q7. How do you apply for Commercial Vehicle Loan?
You can approach us in any of the following ways: ·
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Click here and fill the details, we will call you back
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Walk into our branches / retail asset centres
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Contact our sales team at the dealership