Commercial Vehicle Loan

We offer the commercial vehicle loan to customers with diverse profiles. With fast processing. Flexible & competitive rates, RSL Financial Services deliver customized commercial vehicle loans. Loan amount up to ₹1000000. Loan tenure upto 60 months.

Features

Our commercial vehicle financing aims at promoting the individuals from users to owners. We are proud to fulfill this cherished dream of becoming an owner.
Loans are given for purchase of commercial vehicles. Loans are extended to first time users, first time owners, fleet owners or customers requiring it for captive usage in their business.
Also offer refinance against commercial vehicles use for business purpose.
The interest rate for the product ranges up to 28%.
Hassle free loans – Quick turn around time.
Loan tenure up to 60 months.
Ticket size for old / new commercial vehicle up to ₹15,00,000/.

Eligibility

Customer Profile

Road Transporters, Traders & Manufacturers, Travelers & Farmers.

Age

Between 18 to 65 years

Residential Stability

1 Years

Employment vintage

2 Years

Monthly Income

₹12,000/- or above

Documentation

Photograph

Latest Color Photograph

Identity Proof Of Applicant(Any One)

Driving License / Voter Id Card / Aadhar Card / PAN Card / Passport

Age Proof (Any One)

Driving License / Voter Id Card with DOB / Aadhar Card / PAN Card / Passport / Government issued document with DOB.

Signature Verification

Bank Signature Verification

Address Proof (Any One)

Electric Bill/ Tax Bill/ Water Bill/ Gas Bill / Fixed Line Telephone Bill / Postpaid Mobile Bill

Ownership Proof(Any One)

Electric Bill/tax Bill/water Bill/possession Letter Or Sale Deed With Latest Utility Bill

Income Proof (Any One)

Sales and Purchase Bills / ITR / Financials with all schedules of last 3 Years Valid Driving License & Existing Vehicle(s) RTO Book.

Bank Statement

Last 6 months’ Bank Statement Of All Bank Accounts.

Common Question for this loan

To purchase commercial vehicles such as goods carriers, autos, vans, etc.

Individuals, fleet owners, transporters with valid business proof, steady income, and good loan repayment history.

Based on vehicle type, profile, and business stability. Rate for CV can range from Upto 28%

Up to ₹10 Lakh.

12 to 60 months.

48 - 72 hours.

We offer up to 90% of vehicle's value as per the customer's profile.