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Money matters

Interest Rates On Commercial Vehicle Financing

To facilitate the smooth functioning of business in the transportation industry, we, at YES BANK, have carefully designed financial schemes to suit the needs of enterprises requiring additional funds. We provide financial assistance to businesses to purchase new commercial vehicles, to refinance facilities in order to meet working capital requirements, and to purchase used vehicles.

Given our status as one of the mosy preferred financier, YES BANK loans for commercial vehicles enable our customers to purchase any commercial vehicle from their desired manufacturer in the most reliable and efficient manner. We understand that different enterprises have different profiles, which is why our scheme is designed in a way to allow both large enterprises and SMEs to reap certain benefits.

These loans help large enterprises meet their needs for acquiring machines equipped with the latest technology while maintaining their working capital requirements. SMEs, on the other hand, are pivotal to the development of the economy and require financial services to be made available to them on a recurring basis. We provide SME loans in this sector, whereby we may provide financial assistance for up to 100% of the vehicle’s chassis value. Our refinancing schemes could help SMEs with the purchase of used commercial vehicles. Additionally, our easy repayment process lets entities choose their loan tenure according to their business needs.

With YES BANK, you can also enjoy some of the most attractive interest rates on loans, which you could repay along with the principal amount over a period of up to 60 months. Since businesses in this industry cater to varying needs and have different risk profiles, we determine interest rates based on your unique profile. You could ascertain the amount of payable by you, as per the prevalent interest rate on the amount you wish to borrow by using our online interest calculator. This will provide you with an easy repayment option and help you make a budget for your business expenditures.

 
 

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