Commercial Vehicle

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Finance available to increase your fleet size and grow your business. YES BANK offers customized financial solutions for all your commercial vehicle financing needs: New Commercial Vehicle Loan, Used Commercial Vehicle Loan, Over-draft, Drop Line over draft, Top Up, Retention Refinance and Balance Transfer.

Type of Vehicles Covered Under Commercial Vehicle Loan from YES BANK

New and used vehicles include:

Small & Light commercial vehicles
Intermediate commercial vehicles
Medium & heavy commercial vehicle
Buses
Tippers
Trailers
Specially-customized vehicles

Why you should take Commercial Vehicle Loan from YES BANK?

Our wide range of offerings is set to suit all customer needs - New & Refinance loans & Over-draft facility on Used vehicles & property
We not only support your financing needs but also protect your debt through adequate insurance coverage
Cater to all customer segments: Transport Operators, Manufacturers, Distributors/Traders, Educational Institutions, Commission agents & Freight Booking Companies
Loans up to 100% on Chassis Value & 90% on fully built vehicles with the option of Body funding
Attractive offers for First time Users for availing loans against small, light and heavy commercial vehicles & tippers
We also fund Life time tax/One time tax in applicable states and assets

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Schedule Of Charges

Schedule of Charges - CV DOD

key attractions

LOAN UP TO 100% ON VALUE

Loan up to 100% on Chassis value and 90% on fully build vehicles

FLEXIBLE FINANCING SOLUTIONS

Customized financing solutions available for all customer segments

PREFERRED FINANCIER

Preferred financier status with all CV manufacturers and offer attractive schemes extended by them

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 YES BANK LTD.

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Documents Required

KYC & Residence Stability
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 any
Checklist is for indicative purposes only. Other documents may be needed as per individual requirements.

Have any other query?

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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.

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.

Eligible Customers

The eligible customers for a Commercial Vehicle Loan from YES BANK are as follows:

Self-employed individuals, sole proprietorships, partnership firms, limited liability partnership, companies, educational Societies & Private trusts.
Transport Operators, Manufacturers, Distributors/Traders, Educational Institutions, Commission agents, Freight Booking Companies and First time users

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

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.