What are the eligibility criteria to get commercial vehicle loans?
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Commercial Vehicle Loans are loans offered to borrowers, usually self-employed individuals, trusts, partnership firms, organizations, etc., for the purchase of vehicles for commercial or business purposes. These loans are availed by those who are involved in the transportation business. A commercial vehicle loan can be used to purchase buses, trucks, tippers, tankers, and light and small commercial vehicles. Commercial loans can be availed for a variety of commercial vehicles which are used at different places to serve various purposes. Based on the type of vehicles these loans are sought for, commercial vehicle finance is differentiated into three broad categories, namely new commercial vehicle loans, old commercial vehicle loans, and commercial vehicle refinancing.
Features & Benefits of Loans
- High Valuable Loans
- Easy Loan Repayment
- 100% Transparency
- Quick and Easy Disbursals
- Secure your loan
- Attractive Rates of Interest
Benefits of Commercial Vehicle Loans
Commercial vehicle loan stands out to be the most preferred option for borrowers who are either intending to buy their first commercial vehicle or planning to add a new vehicle to their existing fleet of commercial vehicles due to the plethora of benefits that it offers. These loans have a flexible repayment tenure. Usually, the repayment tenure offered in a commercial car loan is up to 5 years. This ensures a low EMI amount to the borrowers enabling them to pay off the EMIs without any undue financial burden. Whether you are an individual borrower or a fleet owner, you can get finance for a variety of vehicles such as tippers, trucks, buses, trailers, tankers, and other small and light commercial vehicles to grow your business. Unlike other loans, commercial vehicle loans don’t require any existing credit score. Borrowers having low or even zero credit scores can avail of a commercial vehicle loan with ease. In order to meet the specific requirements of the customers, every commercial vehicle loan scheme is customized according to the vehicle type, loan duration, and financial ability of each individual borrower.
.F.A.Q
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What Are The Eligibility Criteria To Get Commercial Vehicle Loans?
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What Are The Eligibility Criteria To Get Commercial Vehicle Loans?
Get the best offers on commercial vehicle loans only from us. We offer these loans at reasonable interest rates to help you transform your car-buying dreams into reality.
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How Can You Apply For A Commercial Vehicle Loan?
Applying for a commercial vehicle loan is a hassle-free and swift process. All you need to do is fill out an online application form on our website with all the necessary details and click ‘Submit.’
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How Much Time Would It Take For The Loan To Be Approved And Disbursed?
You would not need to wait for days to know whether the commercial vehicle loan for which you have applied has been approved and disbursed or not. At Duttcon Financial Services, everything is completed within the minimum amount of time possible. Just complete the application procedure and rest assured.
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How Can We Ensure That We Are In Safe Hands?
To us, our customers are everything. You need not worry about security. We work with the prominent loan and insurance companies such as SBI, Bank of Baroda, Axis Bank, Kotak Mahindra bank, DHFL, Bajaj Allianz, HDFC Life, etc to name a few.