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Money matters

Documentation For Commercial Vehicle Financing

Commercial vehicle financing is extended to entities that are usually engaged in the transportation business. We, at YES BANK, understand that individuals and organisations work on different scales, and we provide flexible financial solutions to meet all kinds of needs. While this scheme is directed toward all players in the transportation business; small and medium enterprises (SMEs) could also use our finances like SME loans. The benefits include:

  • Funding for commercial vehicles of all kinds, including new trucks, buses, tippers, light and small commercial vehicles

  • We enjoy the status of the preferred financier amongst leading manufacturers

  • Funding can be extended to up to 100% of the vehicle’s chassis value, and the body funding can be extended on special requirement

  • We extend refinance schemes towards requirements regarding working capital and purchase of used cars while providing top-up facilities to our existing customers

  • You repay the borrowed amount in EMIs over a tenure of up to 60 months, which allows you the luxury of choice and enables you to optimally manage your resources

  • Our simple and transparent documentation process requires minimal paperwork, and you receive a quick response on your application

YES BANK loans are directed toward disbursing funds required by you in the most hassle-free manner, and to that end, we ensure that you do not have to endure a complicated application process with the bare minimum amount of paperwork. Since this is a scheme directed toward a specialised industry and not a personal loan, you are required to prove your eligibility through the following documents:

  • 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 statements

  • Repayment records, if any.

This checklist is for indicative purposes only. Other documents may be needed as per individual requirements.

 
 

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