 3 (2)-1758084631816.avif)
Vehicle Loan
Used Commercial Vehicle Loan
Expand your business effortlessly with Laxmi India Finance Ltd.’s (LIFC) Used Commercial Vehicle Loan. Whether you are a first-time buyer or looking to add another vehicle to your fleet, our financing solutions help you achieve your business goals with ease. Get quick approvals, competitive interest rates, and flexible repayment options tailored to your needs.
Features & Benefits
Loan Amount:
Get up to 90% of the vehicle’s market value.
Flexible Tenure:
Choose repayment periods ranging from 6 to 48 months.
Attractive Interest Rates:
Competitive rates with minimal processing fees.
Quick Disbursal:
Hassle-free and fast loan processing to ensure you get your vehicle without delays.
Minimal Documentation:
Easy and simple paperwork for quick approvals.
Customized Repayment Options:
EMI-based or structured repayments to suit your cash flow.
Multiple Vehicle Types Covered:
Finance for trucks, buses, tippers, tankers, and more.
No Hidden Charges:
Transparent loan processing with no hidden costs.
Eligibility
To avail of our Used Commercial Vehicle Loan, you must meet the following criteria:
Age
- Salaried individuals: 21 – 60 years (at loan maturity).
- Self-employed individuals: 21 – 65 years (at loan maturity).
Employment Type
- Salaried professionals working in transport/logistics-related companies.
- Self-employed individuals, fleet owners, or transport business operators.
Minimum Business Experience
- Salaried: At least 1 year of work experience.
- Self-employed: At least 2 years of business continuity.
Credit Score
- A good credit history with a minimum CIBIL score of 650+.
Income Criteria
- Should have a stable income source for loan repayment.
Documents Required
Identity Proof
Aadhaar Card / PAN Card / Voter ID / Passport
Address Proof
Aadhaar Card / Utility Bill / Rent Agreement
Income Proof
Latest 3 months' salary slips & bank statements
Employment Proof
Offer letter or employment certificate
Photographs
2 passport-size photos
Vehicle Loan Calculator
Use our Vehicle Loan Calculator to estimate your monthly installments based on:
Total Amount Payable:
₹15,85,809
Total Interest Payable:
₹5,85,809
Vehicle Loan FAQs
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Frequently Asked Questions
Self-employed individuals, transport operators, fleet owners, and salaried professionals in the logistics sector can apply.
Customer Support:
Email: