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Commercial Vehicle Loan

Commercial Vehicle Loan

Customised loan solutions for commercial vehicles and working capital!

Commercial Vehicle

Thank you for your interest in YES BANK’s Commercial Vehicle Product. Our representative will get in touch with you shortly

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For success in business, financing is a prime factor. Trust YES BANK to offer you customized loan products for the purchase of Commercial Vehicles & refinance product for working capital needs.

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key attractions

SERVICES FOR ALL

New Commercial vehicle and Refinance available for all segments of customers

LOAN UPTO 100%

Loans upto 100% LTV on Chassis and body up to 5 years tenure

features and benefits

Funding for commercial vehicles

Funding for New trucks, buses, tippers, light and small commercial vehicles

leading manufacturers

Preferred financier status with leading manufacturers

Documentation process

Simple documentation and processes

Refinance

Refinance catering to working capital requirements

Body funding

Body funding options available

Repayment

Repayment tenure upto 60 months

Quick response

Quick turnaround time

CUSTOMISED SOLUTIONS

Flexible financing solutions to meet individual requirements 

All benefits subject to terms and conditions and credit is at the sole discretion of YesBank Ltd.

 

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Documents Required

  • Two years income tax returns with computation of income, audited balance sheets and profit & loss account

  • List of owned vehicles along with the copies of RC books

  • Six months bank statement

  • Repayment records, if anyChecklist is for indicative purposes only. Other documents may be needed as per individual requirements.

Have any other query?

Q. Who can apply for Commercial vehicle loans ?

A. Commercial vehicle loans can be offered to self-employed individuals, sole proprietorships, partnership firms, limited liability partnership, companies, educational Societies & Private trusts.

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Q. What is the maximum  tenure  for Commercial Vehicle Loan ?

A. For New SCV/LCV/ICV 48 months For New MHCV 60 months.

For Used CV, the Bank can fund upto 48 months.

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YES Bank Commercial Vehicle Financing

A top-notch transportation system is the key to a successful business or service for any entrepreneur. At YES Bank, we understand the importance to stay on the road, constantly moving, to expand and achieve your projected goals. Whether you are directly related to the transportation industry or run a production facility that depends upon a dedicated transport unit for your business, we offer comprehensive financial solutions designed to cater to your needs.

YES BANK provides a personal loan for both new as well as used vehicles utilised exclusively for commercial use based on your requirements. Such a Commercial Vehicle Loan is easy to avail with YES BANK and requires minimum documentation to cruise through a hassle-free application process.

Key Attractions of a Commercial Vehicle Loan from YES BANK

Services for All

Our customised solutions include financial assistance towards purchasing a new commercial vehicle or a used one, depending upon the requirement of the applicant. We provide such solutions to partnership firms and other larger organisations through our business banking intelligence for personalised benefits and features towards commercial vehicle financing.

We also provide extensive solutions for refinancing your vehicle to take that burden off your shoulders. These benefits are delivered to all segments of customers, be it individual entrepreneurs with a start-up or a full-fledged organisation.

Up to 100% Loan Amount

For approved models of commercial vehicles, YES BANK offers an unmatched, 100% loan-to-value on chassis and body. This extraordinary offer does not end here; the repayment tenure can be chosen up to as much as 60 months. This means, whether you are considering a critical business expansion/overhaul or initiating a new venture, YES BANK provides you with the peace of mind and an excellent opportunity to grow.

Features and Benefits of a Commercial Vehicle Loan by YES BANK

  • Funding for commercial vehicles: All types of new and used vehicles, such as trucks, buses, tippers, light and small commercial vehicles, are covered under this loan. While most of these vehicles are generically manufactured, we also provide financing solutions in case you have a specialised requirement to modify a vehicle to suit your business needs.

  • Leading manufacturers: YES BANK is a one-stop financier for several leading manufacturers that further facilitates the application process as well as includes attractive interest rates with exciting new schemes in collaboration with the vehicle manufacturer.

  • Documentation Process: The documentation process is extremely easy and swift. After completion of the duly filled application form and its submission, the approval time generally ranges between 2 to 4 days from the initial application request. At YES Bank, our representatives handle each application with utmost care and precision while assisting you at every step to make the process transparent and easier to understand regarding the loan conditions and other available options.

  • Refinance: At YES BANK, we provide specialised refinance solutions to cater to any financial bottleneck and assist in managing your finances with reworked interest rates and repayment tenure.

  • Body funding: Multitude of body funding options are made available at YES BANK to assist you in the specialised modification of a commercial vehicle.

  • Repayment: The repayment tenure can be availed up to as much as 60 months with lower instalment amount.

  • Quick Response: YES BANK understands the value of your time, and thus, provides prompt response to thrust your business towards the desired goal without any hassle.

  • Customised Solutions: At YES BANK, we provide flexible financing solutions to meet individual requirements for any type of entrepreneurial endeavour.

Eligibility Criteria

The eligibility criteria for a Commercial Vehicle Loan from YES BANK are as follows:

  • Individuals

  • Partnership firms

  • Companies with more than two years of business experience in the existing field

  • Existing owners of at least one commercial vehicle

  • Captive customers and transporters

  • Schools

Required Documentation

Find below the details of the documents you need to apply for a Commercial Vehicle Loan from YES BANK:

  • Income tax return documents of the past two financial years along with calculated income, audited balance sheet, and profit & loss ledger

  • Ownership documentation of owned vehicles along with their registration details (RC Book)

  • Latest six months’ bank account statement

  • Repayment records, if any

  • Additional documents may be required based on individual applications

Type of Vehicles Covered Under Commercial Vehicle Loan from YES BANK

New and used vehicles include:

  • Trucks

  • Buses

  • Tippers

  • Light and small commercial vehicles

  • Specially-customized vehicles

Proving to be one of the forerunners in the Indian Commercial Bank market, YES BANK strives to provide you with carefully crafted financial solutions and products to leverage your business to new heights. We are dedicated to assisting you in your business endeavours in the best possible manner, whether you are going for a new business venture or are looking to enhance your current business structure.

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