Commercial Vehicle Loan
Finance for trucks, tempos, buses, and other commercial vehicles — for fleet owners, transporters, and first-time vehicle buyers alike.
A commercial vehicle loan finances trucks, tempos, buses, tractors and other vehicles used for business or transport, for both established fleet operators and people entering the transport business for the first time. The vehicle itself typically secures the loan, and terms vary meaningfully depending on whether it’s new or used, and your track record in the business.
Given how specialised this segment is, matching you to the right lender matters more than usual — some NBFCs on our panel focus specifically on first-time commercial vehicle buyers, while others cater to established fleet owners scaling up. We help you find the fit, not just a quote.
Who it suits
- Transport operators and fleet owners expanding their business
- First-time buyers entering the commercial transport business
- Businesses financing new or used commercial vehicles
Eligibility
- Relevant driving/business experience in transport (varies by lender, especially for first-time buyers)
- Stable income or business turnover
- The vehicle itself typically secures the loan
- CIBIL score and existing loan obligations are reviewed
Documents you'll need
- PAN and Aadhaar (individual) or business registration proof
- Income/business proof — ITR, bank statements
- Bank statements, typically 6–12 months
- Vehicle quotation/invoice from the dealer
A quick sense of the EMI
For example, ₹12,00,000 over 5 years at an indicative 11% works out to about:
₹26,091/month
Indicative only — your actual EMI depends on the amount, tenure and rate you're offered.
Try the full calculatorCommon questions about commercial vehicle loan
Can a first-time buyer get a commercial vehicle loan?
Yes, several NBFCs on our panel specifically support first-time buyers entering the transport business, though terms and the down payment required may differ from an experienced fleet owner's.
Are both new and used commercial vehicles financed?
Yes — new commercial vehicles as well as used ones are financed, with the vehicle's age and condition affecting terms for used purchases, similar to a used car loan.
What documents does an existing fleet owner need versus a first-timer?
An existing operator typically shows vehicle/business income proof and past loan repayment history; a first-time buyer may need to show alternate income proof or a co-applicant, depending on the lender.
Is refinance available on a vehicle I already own?
In many cases, yes — refinancing an owned commercial vehicle to release working capital is available with select lenders, subject to the vehicle's age and condition.
Ready to talk about your commercial vehicle loan?
Tell us your need and we'll match you to the right lender from our panel of 90+ banks & NBFCs.