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Commercial Vehicle Loan

Commercial Vehicle Loan

As a self-employed individual, if you are involved in the business of transport or you are planning to start one, SS Group Commercial Vehicle loan, is the ideal and flexible financial assistance for you.

SS Group offers loans on all types of Commercial Vehicles (new and used) of all major manufacturers. To meet your aspirations, we have specialized branches dedicated for providing commercial vehicles and equipment loans. We have also opened Transport Nagars for servicing diverse profiles like truckers, milkman, shopkeeper etc.

Our competitive interest rates are based on factors such as customer profile and location.

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Top Up on Existing Commercial Vehicle Loans

Get the best commercial vehicle loan interest rates by opting for a top up on your existing vehicle loan, only with HDB Financial Services.

Flexible Repayment Tenure

HDB Financial Services offers a flexible tenure of up to 60 months based on your eligibility and financial profile.

Hassle-free loan sanction system

Easily get finance for your business with quick turn-around time and simple documentation process.

Simple Documentation and Easy Processing

Experience a minimal and quick documentation with our commercial auto financing application process. When you apply for a commercial vehicle loan online, the entire process is paperless and all you need to do is upload the documents to get you started.

Eligibility Criteria for Commercial Vehicle Loan

Eligibility criteria for the SS Group Commercial Vehicle Loan are simple and any Indian national with a good financial profile can obtain funding. The criteria differ depending on whether you are salaried or self-employed. The criteria are also inter-dependant. For instance, for two persons of the same age, the one with a higher credit score is likely to be able to borrow a higher loan amount.

Eligibility criteria For new commercial vehicles For old commercial vehicles

Employment

2 years of employment stability/business experience

3 to 5 years.

Ownership

1 to 3 years

1 year

Documents Required for a Commercial Vehicle Loan

Category Documents

Identity Proof (any one)
  • PAN Commercial Vehicled
  • Driving License
  • Voter ID
  • Valid Passport

Address Proof (any one)
  • Electricity Bill/ Water Bill/ Telephone Bill/Valid passport
  • Aadhaar Commercial Vehicled
  • Driving License
  • Voter ID

Age proof (any one)
  • PAN Commercial Vehicled
  • Driving License
  • Voter ID
  • Govt ID Card
  • Valid Passport

Signature verification proof (any one)
  • Driving License
  • Voter ID
  • Valid Passport
  • Govt ID Card

Other Documents
  • Passport-size photograph
  • Existing vehicle ownership proof
  • Vehicle details & valuation report
  • Insurance and RC copy of vehicle
  • Loan repayment track (if any)
  • Trade references (In case of first-time buyers, fleet operators/owners & experienced borrowers)
  • Fleet list details (In case of small, medium, and large fleet operators/owners)

Income Proof Documents Required for Commercial Vehicle Loan

Commercial Vehicle Loan for: Documents

Self-Employed and Salaried Individuals
  • Latest 3 salary slips or Form 16
  • Bank account statements of the last 6 months
  • Latest Income Tax Returns

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