Commercial Vehicle Loan

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Commercial Vehicle Loan

A commercial vehicle loan from HDB Financial Services offers an ideal solution for anyone who owns a transport business. We offer new and used commercial vehicle loan at attractive interest rates, with a flexible repayment tenure. Experience a hassle-free documentation process, quick processing and swift loan disbursal.

Our commercial vehicle finance caters to a wide variety of customers which include:

  • Large, medium and small-size fleet owners
  • Individuals
  • First time users
  • Partnership firms and proprietorship firms
  • Private and public limited companies

Apply for the best commercial vehicle loan at HDB Financial Services.


Calculate your Loan EMI instantly


|
0 |
25L |
50L |
75L |
100L |
125L |
150L |
175L |
200L
%
|
5 |
10 |
15 |
20 |
25 |
30 |
36
|
0 |
5 |
10 |
15 |
20 |
25 |
30

Loan EMI

₹24,959

Total Interest Payable

₹34,90,279

Total Payment
(Principal + Interest)

₹59,90,279


Availing a commercial vehicle loan from HDB Financial Services offers the following benefits:

Apply for a commercial vehicle loan online or by visiting your nearest HDB Financial Services branch and avail the best offer based on your financial profile.

  • New and Used Commercial Vehicle Loan for Different Vehicles

    Based on your business requirements, we provide a commercial vehicle loan for a variety of vehicles such as bus, tempo, cargo vans, trucks, light and heavy commercial vehicles. Our commercial vehicle finance is offered for both new as well as second hand vehicles.

  • 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 Tenure up to 60 Months

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

  • Customized Financing Solutions for Individual Requirements

    At HDB Financial Services, we understand your requirements and offer a customised solution to provide the best financial assistance. When you apply for our commercial vehicle finance, our representatives will assist you with the best solutions.

  • 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.

  • Assistance for Purchasing the Vehicle

    Our customer service representatives are happy to assist you in purchasing the commercial vehicle essential for your transport business.

No specific criteria

  • Proof of Identity & Address Proof - (Passport / Voter's ID / Driving License/PAN Card*/Aadhar Card or Proof of possession of Aadhaar number(on Voluntary basis))
  • Driving License/ Voter's ID / Utility Bill (anyone (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation/ Passport)
  • Driving license, in case of First time users
  • Land holding proof, in case of Farmers
  • Income Tax (ITR) and financial statements for the last two years, complete with schedules and P&L account.
  • Documents to prove relevant experience, in case of First time users
  • Bank statements Latest bank passbook (updated within 90 days)
  • Fleet list details
  • Proprietorship declaration, partnership deed, memorandum/association of article (MOA/AOA), board resolution, as applicable

Take the next step & manage your immediate financial needs now.

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How to apply for a Commercial Vehicle Loan from HDB Financial Services

The loan application procedure for a commercial vehicle finance is very simple. You can apply from any of the following options:

    1. Visit our 'Apply Now' page

    1. Visit our 'Apply Now' page

  • Step 1: Fill in the personal details along with the mobile number OTP verification
  • Step 2: Fill in the Professional details
  • Step 3: Your commercial vehicle loan application is accepted and our representative will get in touch with you soon
  • Step 4: Upload the required documents

    • 2. Download our 'HDB On The Go' android app

  • Step 1: Verify the mobile number with OTP
  • Step 2: Click on 'Apply for a New Loan'
  • Step 3: Enter the required loan and applicant details
  • Step 4: Enter the required address information
  • Step 5: Complete the image/signature

    • 3. Visit your nearest HDB Financial Services Branch and get in touch with our representative at the branch.

    4. Call on our customer support number +914442984541 and apply for an instant commercial vehicle loan

*HDB Financial Services Ltd may use the services of various agents on its behalf for the purpose of sales and marketing for HDB's products and services

*Terms and conditions apply, based on applicant's eligibility and financial profile.

Commercial vehicle loan FAQs

A Commercial Vehicle Loan is an secured loan that assists you in purchasing any commercial vehicle essential for your transport business. Since it requires no collateral, you can get commercial vehicle loan online at attractive interest rates and flexible tenure options. HDB Financial Services offers commercial vehicle loan with quick documentation and instant approval that makes it an ideal solution in times of financial requirement for your transport business.
Abiding by the motto of #ReimaginingOpportunities, we value your financial needs and stand by you to offer a quick commercial vehicle finance with the following advantages:
  • i. Best commercial vehicle loan for different vehicle options
  • ii. Commercial finance for both, new and second hand commercial vehicles
  • iii. Top up on existing commercial vehicle loanss
  • iv. Flexible tenure up to 60 months
  • v. Customized financing solutions for individual requirements
  • vi. Simple documentation and easy processing
  • vii. Assistance for purchasing the commercial vehicle
Our commercial vehicle finance is available for large, medium and small-size fleet owners, individuals, first time users, partnership firms and proprietorship firms as well as private and public limited companies.
At HDB Financial Services, we provide commercial finance for almost all types of commercial vehicles such as tempo, bus, cargo van, trucks including small, light truck as well as heavy truck. You can avail new andsecond hand commercial vehicle loan.
You can apply for a commercial vehicle loan online, anywhere and anytime without having to travel to any of our branch. It saves a lot of time. Once you application is accepted, our representation will reach out to you quickly.
You can track the status of your commercial vehicle loan application by either of following ways -
  • i. Click on 'My Account' on the website. Enter the DOB or PAN number and verify your mobile number with an OTP
  • ii. Using 'HDB - On the Go' android mobile app
  • iii. Use our chatbot 'Ask Priya' on our website
  • iv. Write to us at customer.support@hdbfs.com
  • v. Visit the nearest HDB Financial Services branch. You can locate here
HDB Financial Services may sanction a commercial vehicle loan to you based on your creditworthiness, eligibility and other internal terms and qualifications.
You can pay the commercial vehicle loan EMI through Emandate ( Electronic mandate) or ACH (Automated Clearing House). If you wish to avail the ACH facility, please contact your nearest branch or write to us at: customer.support@hdbfs.com or raise a service request from our mobile app "HDB on the GO".
Yes, foreclosure and part-prepayment charges are applicable. You can prepay your loan anytime during the tenure. Please visit any of our branches with a Prepayment request form as per format with supporting documents. To read more on the interest rates and charges, click here.
Yes you can get a commercial vehicle loan from your closest HDB Financial Service branch. Click here to locate your closest branch.

Click hereto apply for the best Commercial vehicle loan now!