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Goods / contract vehicle · not a family car
Trucks and delivery fleet finance
A truck, LCV or pickup that runs a route, a distribution beat or a works contract. EMI is supposed to come from freight or from the MSME that owns the beat.
Indicative ticket
₹5 Lakh – ₹1.5 Crore+
Tenure
Up to 5–7 years
Security
Hypothecation of the vehicle
Category
Term & expansion
Term & expansion
Finance trucks, LCVs, pickups and business vehicles used in the MSME, not family cars as a pretext.
Asset finance for commercial vehicles used in the business — tipper, tempo, reefer or LCV. Quotation, route economics and EMI fit matter.
A commercial vehicle is a productive asset if it runs on a route, a contract or distribution. Lenders look at existing fleet, operator experience, and whether the EMI is paid from freight or from some other business.
This is not a private-car loan. If the vehicle is for promoter personal use, that is a different product. Mixing the story hurts both files.
No route, no contract, no existing fleet — margin goes up and some lenders drop off. We do not oversell a first truck as a sure EMI from ‘the market’.
Age, fitness, hypothecation trail. Body-building on a chassis is a separate invoice conversation. Permit states matter for goods carriages.
A contract copy, a route you already run, or an existing fleet’s banking is the repayment story. ‘The market will give loads’ is not a story we will type on a credit note. First-time owners pay more margin for that reason.
Diesel and tyres are WC, not a reason to fatten the CV EMI. Insurance, hypothecation endorsement and RTO are operational — we list them so disbursal is not a second project.
Unlike machinery, the asset moves and depreciates on kilometres. Unlike WC, you cannot reload the same vehicle as drawing power. Unlike a private car loan, usage must be commercial — mixing the story hurts both files.
Typical desk timeline: 1–3 weeks with dealer coordination
Create your MSME desk account or log in. Tell us city, Udyam band, turnover range and the purpose of funds in one clear sentence. Consent is recorded before any lender share.
New vs used, fleet vs first truck, contract or route income. LTV and tenure follow asset type and borrower strength.
Promoter KYC, Udyam, GST, banking and purpose papers are listed product-wise. You upload once to the vault; we tell you what is missing before the file goes to credit.
The file moves to a partner bank, NBFC or HFC that matches your profile. Queries on GST vs banking, end-use or security are coordinated with you — we do not promise sanction from this website.
If approved, you receive the lender’s sanction with rate, tenure, security and covenants in writing. Read processing, insurance and prepayment clauses before signing — they vary by institution.
Payment often goes to dealer or seller. RC hypothecation and insurance assignment are completed as per lender checklist.
Quick apply for Commercial Vehicle Loan without creating an account — or login if you want vault KYC and status tracking on your desk.
Possible with stronger margin, a contract, or co-applicant strength. First-time risk is real; we do not oversell it.
Figures are indicative. Not an offer. Sanction, rate and security rest with the bank, NBFC or HFC. Scheme names are not a website promise.
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