Commercial Vehicle Loan

With SK Finance Commercial Vehicle Loan, you can seek financing to own your commercial vehicle. We offer quick and hassle-free loans on cargo & carrier vehicles such as pickups, buses, and many other small loading vehicles.

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Used Commercial Vehicle Loan

We offer Used Commercial Vehicle Loan that helps you buy a second-hand commercial vehicle to grow your logistic business. With our special loan options and quick approvals, you can easily add more loading vehicles to your fleet business with our loan service!

Get behind the wheel and drive your business forward with SK Finance Used Commercial vehicle Loans!

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Overview

We are one of the leading Finance company in the Commercial Vehicle Loan segment for more than three decades, SK Finance offers customized solutions backed with extensive experience and a deep understanding of the Transport and Passenger vehicle segment. By leveraging our tie-ups with leading Commercial Vehicle Brands like Ashok Leyland, Eicher, Tata, Mahindra, Force, Maruti Suzuki, and other used dealer networks, we offer a wide array of products, including New Loading Vehicle Finance, loan against Used Vehicles, Loan on existing Commercial Vehicle, and more. We also cater to Educational Institutions and other Captive customers for their Commercial Vehicle Loan requirements.
Our loans are made just for you, whether you’re a driver, farmer, fleet, transport business owner or an individual. With competitive interest rates, flexible repayment options, and hassle-free processing, we make it easier than ever to get behind the wheel of your dream commercial vehicle. We're here to help you finance the vehicle you need at easy EMI options. Apply now!

Features & Benefits of SK Finance Commercial Vehicle Loan

We offer loans for all types of commercial vehicles. With great features we ensure our customers have the most seamless borrowing experience possible. Below are a few reasons why you should opt for Commercial Vehicle Loan to finance your purchase of business vehicles:

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  • Easy new/used commercial vehicle funding.
  • All kinds of commercial vehicles like SCVs, LCVs, and ICVs.
  • Dedicated Relationship Manager to help you at every stage of the loan process
  • Competitive rates of interest.
  • Smooth online loan applications.
  • Zero hidden charges, quick processing and disbursal of loans.
  • Wide branch network for customers who prefer to walk-in.

Eligibility

We have diverse eligibility criteria for our commercial vehicle loans. This includes your age, income, nature of your business/employment, and more. We provide commercial vehicle finance to a wide range of customers, including:

Nationality


Indian

Loan Tenure


upto 84 Months

Customer Profile


Salaries, Self Employed, Farmer, Driver

Experience / Business Stability


2 Years or more

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EMI Calculator

0/-

You will pay an EMI of only0/- monthly
Amount
10 Lac
Period
180 Months
Interest Rate
30 %

Commercial Vehicle Loan Interest Rate & Charges

We offer loans for all types of commercial vehicles. With great features we ensure our customers have the most seamless borrowing experience possible. Below are a few reasons why you should opt for Commercial Vehicle Loan to finance your purchase of business vehicles:

  • Easy new/used commercial vehicle funding.
  • All kinds of commercial vehicles like SCVs, LCVs, and ICVs.
  • Dedicated Relationship Manager to help you at every stage of the loan process
  • Competitive rates of interest.
  • Smooth online loan applications.
  • Zero hidden charges, quick processing and disbursal of loans.
  • Wide branch network for customers who prefer to walk-in.
Schedule of Charges

FAQ

Anyone who owns or runs a business, such as individuals or firms, can apply for a commercial vehicle loan. If you fulfill the eligibility criteria, and have all the necessary documentation for application, you can apply for commercial vehicle financing from SK Finance.

You can finance vehicles like trucks, buses, vans, mini trucks, pickup trucks and more with a commercial vehicle loan. You can also apply for Used Commercial Vehicle Loans for second-hand vehicles to expand your business.

Commercial Vehicle Loan interest rates can be flexible and can vary depending on the credit history and vehicle type. We offer competitive pricing helping you get the best interest rates on your loans. You can use the calculator above to get a reference of the possible EMI amount and interest rates.

To apply for a commercial vehicle loan you need to present documents like ID proof, Address proof, bank statement, other KYC documents and vehicle related documents as prescribed in policies and product manuals of the company. SK Finance can get you new or used commercial vehicle loans with minimal documentation and easy online application.

The amount of a commercial vehicle loan is dependent on the vehicle of choice and the credit history of the applicant. We assess the application, documents, eligibility, and other factors and decide the best feasible amount for a commercial vehicle loan

Yes, with SK Finance, you can apply for a commercial vehicle loan online through our website. The online application process for a commercial vehicle loan is easy and convenient.

Balance transfer for a commercial vehicle loan refers to moving your existing loan from a lender to another bank or finance company. This is done to avail better interest rates or terms of lending. You can transfer the remaining of your commercial vehicle loan to SK Finance for the best interest rates and flexible repayment options.

To get a commercial vehicle loan, you need to choose a vehicle and decide on a lender to get the loan from. The process of commercial vehicles loan is extremely easy with SK Finance. Fill out the application form, check for eligibility and submit the required documents. Wait for loan approval, and once approved you can enjoy all the benefits. You can either visit us or apply online.

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