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Top Features Of Commercial Vehicle Loan
Customised Loan Offerings
We offer quick and easy loans to businesses looking to purchase a used commercial vehicle including first-time users, captive users, intra-city operators, tours & travel agencies, and even to those with no credit history!
Convenient and Quick
Our Used Commercial Vehicle Loan is a convenient process as it covers various types of vehicles including LCVs, SCVs, MCVs and HCVs.
We are also associated with used vehicle dealers as well as a panel of valuers and RTO agents to speed up the purchase of pre-owned vehicles or fulfil any refinance needs. We will help you from the start till the end, leading you through the whole process.
Just Few Steps Away
We have a wide network of more than 1015 banking touchpoints in more than 500 cities.
About Used Commercial Vehicle Loans
AU Small Finance Bank’s Used Commercial Vehicle Loan allows you to purchase a second-hand commercial vehicle to help your business. With our customised offering and instant approvals, you can add more vehicles to your fleet and let us help you grow your business.
Eligibility for Used Commercial Vehicle Loan
Customers are assessed based on:
- Prior experience in running commercial vehicles, if any
- Their stability in a city, town or village where they are based
- Formal contracts or informal tie-ups for deployment of the vehicles
- Customers who have no prior experience in running a Commercial Vehicle are assessed based on the support of a relative or friend in the same business
- Prior credit history, if any, should be satisfactory
- Used Commercial Vehicle Loans are also offered to captive users such as manufacturers, traders, schools, etc.
- Customers need to fulfil our credit norms to avail the Used Commercial Vehicle Loan
Benefits of Used Commercial Vehicle Loan
- Loan facility is offered to first time buyers, captive users, intra-city operators, tours & travel agencies, rural, urban and semi-urban businesses and self-employed businesses
- Loan offered for a vehicle that is second-hand or pre-owned
- This loan can be availed by a business that is new to credit or is a customer with no credit history
- The loan facility comes with instant approvals, rapid turnaround time and requires minimal documentation
- Loan is offered for all commercial vehicles covering SCVs, LCVs, MCVs and HCVs
- Dedicated Relationship Manager to help you at every stage of the loan process
- Flexible loan product based on suitability of your venture
- Flexible repayment options and credit facility
How to Apply
- Apply for Used Commercial Vehicle Loan by filling in the online application form and our representative will get in touch with you.
- You can apply for a loan by calling our customer call centre @ 1800-1200-1200 or 1860-1200-120.
- Our existing customers can also get in touch with their Relationship Manager/Personal Banker to know more.
- You can email us at [email protected] and we will assist your needs.
List of Documents
- Loan application form
- Identity proof
- Address proof
- Other relevant documents
Click here for FAQs