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Finance a new truck, tipper, bus or tempo, assessed on the earning the vehicle will generate.
A commercial vehicle is not a purchase, it is a business plan on wheels. Lenders in this segment know that, and they assess the earning capacity of the vehicle alongside your own financial standing.
The route you intend to run and the freight rate on it. Whether you have a load contract or an attachment with a transporter. Your permit and fitness position. The size and age of your existing fleet, if any. A first-time buyer with a signed contract from a reputable transporter is often a stronger case than an experienced operator with no committed load.
Usually 85% to 95% of the chassis and body cost for an established operator. First-time buyers typically get 75% to 85% and are asked for a guarantor. Body building cost can normally be included in the funded amount if it is invoiced properly.
This is where the right lender matters. Many commercial vehicle financiers offer structured or seasonal EMIs that follow your earning pattern, which is essential in a business with monsoon slowdowns or harvest-linked demand. A flat EMI on a seasonal route causes avoidable defaults.
Insurance, permit, fitness, road tax and driver wages all start on day one, while payment from your first few trips arrives later. Keep working capital aside for the first two to three months. Undercapitalising the start is the most common reason new operators struggle.
We place your file with financiers who actually understand your route and vehicle type, and we push for a repayment structure that matches your real cash flow rather than a generic one.
Established operators with a clean track record get the highest funding, and body building cost can usually be included.
Repayment can be shaped to a seasonal route, which matters enormously in transport.
Funded with a higher margin and usually a guarantor, especially where a load contract or transporter attachment is in place.
Operators adding several vehicles can take a single facility rather than separate loans for each.
| Age | 21 to 65 years |
|---|---|
| Experience | 2 years in transport preferred. First-time buyers accepted with a guarantor. |
| Funding | 85% to 95% for established operators, 75% to 85% for first-time buyers |
| Documents | Valid driving licence, and permit and fitness papers for the intended route |
| Credit score | 650 and above. This segment is more flexible than retail lending. |
These are typical criteria. Individual lenders vary, and we will tell you which ones are flexible on your particular case.
You do not need any of these to enquire. We only ask for documents once we know which lender we are approaching.
Pre-filled with this product's own rate band and limits.
Pre-filled with the indicative rate band for New Commercial Vehicle Loan. Move the sliders to match your own case.
Twenty one lakh fifty thousand
3 yr 6 mo
Your monthly EMI
₹60,372
for 3 yr 6 mo
These numbers are indicative. Your actual offer depends on the lender. Most loans in India are floating rate, so the EMI can change when the RBI moves rates.
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