Commercial Vehicle Loan
Every business needs a vehicle to ensure the business’s smooth operation. Vehicle financing services are usually offered by Banks and NBFCs, which can be used for the procurement of used and new vehicles. Loans are given based on business needs and requirements of a customer.
They can be used for the procurement of heavy vehicles like trucks and buses. Such loans are ideal for transport operators who use vehicles like Trailer, Trucks, buses and tankers. Transporter needs to have a minimum of 10 vehicles to qualify for this loan.
The loan covers the financing of vehicle chassis, road tax, insurance and registration.