Commercial Vehicle Loan: Empowering Your Logistics & Transport Business with The Loan Mall

In the dynamic world of logistics, transportation, and construction, having the right commercial vehicles is paramount to success. At The Loan Mall in Lucknow, your trusted loan consultant, we specialize in providing tailored Commercial Vehicle Loans that empower businesses, big or small, to expand their fleet, upgrade equipment, and enhance operational efficiency. We offer financing for both new and used commercial vehicles.

Why choose The Loan Mall for your Commercial Vehicle Loan?
  • Comprehensive Solutions: Whether you need to finance new trucks, buses, tippers, light commercial vehicles (LCVs), or construction equipment, we provide expert consultancy. We also facilitate loans for pre-owned commercial vehicles, offering a cost-effective alternative for fleet expansion or entry into the transport business.
  • Competitive Interest Rates: Our strong network with leading banks and NBFCs ensures you get access to the most competitive interest rates. Commercial vehicle loan interest rates typically start from around 8.50% to 10.50% p.a. onwards, varying based on your business profile, vehicle type, and loan tenure. For used commercial vehicles, rates may be slightly higher, generally from 9.40% to 11.99% p.a.
  • Flexible Financing & Tenure: We help you secure financing for a substantial portion of the vehicle's cost, often up to 80-90% of the ex-showroom price for new vehicles and a high percentage of the valuation for used ones. Loan tenures are flexible, typically ranging from 1 to 7 years (12 to 84 months), allowing for manageable EMIs that suit your business's cash flow.
  • Simplified Eligibility: Lenders generally look for businesses or individuals with a minimum of 2-3 years of business experience in the transport or related sector. A good credit score (typically 700+ is preferred) is crucial. We also assist first-time buyers and those with existing commercial vehicles.
  • Key Documents & Smooth Process: We streamline the documentation process, helping you prepare the necessary paperwork for quick approval and disbursal. Essential documents typically include:
    • KYC Documents: PAN Card, Aadhaar Card of proprietors/partners/directors.
    • Business Proof: Business registration documents (e.g., Certificate of Incorporation, Partnership Deed, GST Registration), proof of business existence.
    • Financial Statements:> Audited financial statements (Balance Sheet, Profit & Loss A/c) for the last 2-3 years, and Income Tax Returns (ITRs) of the business and its owners.
    • Bank Statements: Business bank account statements (last 6-12 months).
    • Vehicle Documents: Proforma Invoice (for new vehicle), RC copy, insurance copy, and valuation report (for used vehicle).
    • Fleet List: If you already own commercial vehicles.
    • Work in Hand/Contract Copies: For certain business profiles.
Power your fleet and boost your business operations with the right financial backing. Contact The Loan Mall today for a tailored Commercial Vehicle Loan consultation and drive your business forward!