Grow your business pace with us. No more holding off your operations or no more worries for expansion. Reach out to us and solve your business hindrance with us at attractive interest rates.
Commercial Vehicle Loan
Dream big and grow big with our Commercial Vehicle Loan
Product Features
Heavy Commercial Vehicle Loan
Loan available for all ranges of heavy commercial vehicles & construction equipment
Life and Health Insurance cover options
Tenure up to 60 months above on new vehicles and 48 months on used vehicle
Loan up to 90% on asset value
Competitive processing & no hidden charges
Includes loan to FTU profile (first time buyers)
Eligibility
For Heavy Commercial Vehicle Loan application
Vehicle to be up to 15 years old
Minimum Age of Customer 21 Year
Own house with Property proof
HCV DL should be must
Guarantor should have excellent repayment history
Product Features
Light Commercial Vehicle Loan & Multi-Utility Vehicle Loan
Loans for both new & used light commercial vehicles
Life and Health Insurance cover options
Tenure up to 60 months above on new vehicles and 48 months on used vehicle
Loan up to 95% on asset value
Competitive processing & no hidden charges
Includes loan to FTU profile (first time buyers)
Eligibility
For Light Commercial Vehicle Loan & Multi-Utility Vehicle Loan application
Vehicle to be up to 15 years old
Minimum Age of Customer 21 Year
Own house with Property proof
HCV DL should be must
List of Documents
For the complete list of acceptable KYC documents, please contact nearest Paisabuddy branch.
Identity & Address Proof
Valid Passport
Voter ID Card
Aadhaar Card
PAN Card
Valid Driving Licence
Income Proof
Salaried
Latest 3 Salary Slips/ Bank Statements of last 3 months
Salary Certificate (cash salaried cases)
Self-Employed
IT Returns and/ or Financial Statements of last 2 years and/ or
Informal Income Documents to prove a steady source of income
Other Documents
Application form with photograph duly signed
Processing fees as applicable
Latest Electricity Bill
