Commercial Vehicle Loan

On the Road to Prosperity: Let Our CV Loan Accelerate Your Growth

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Calculate EMI

Amount

10 K
5 L

Months

M
12 M
48 M

Interest

%
16%
30%

Your EMI (Monthly)

343420

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Self-Start your journey with your own commercial vehicle and grab opportunity now to earn your independent income. You don’t have to be dependent on anyone to make your living, freedom and flexibility is what you can get with your own commercial vehicle.

If you are self-employed and have your own transport business or are planning to start something of your own, Tiffany Finance’s commercial vehicle loan is best for you as we offer loan for various types of commercial vehicles from light to heavy like Autos, Mini Trucks and Tractors.

Self-Employes individuals can apply this loan to buy a new vehicle, to buy a used vehicle and to refinance of commercial vehicle.

Features & Benefits for Commercial Vehicle Loan

Flexible Loan Tenure and Amounts : Loan tenure up to 60 months with amounts starting from ₹50,000* onwards up to ₹5 lakhs.
Attractive Interest Rates : Enjoy rates ranging from 12% to 22%.
Comfortable EMI Installments : Tailored as per your feasibility.
Inclusive Loan Options : Available for first-time purchasers and buyers with no income proof.
Additional Benefits : Vehicle insurance cover options available and loans up to 90% of the asset's value.

Eligibility Criteria for Commercial Vehicle Loan

Whether you're expanding your fleet or purchasing your first commercial vehicle, our loan options are designed to make the process easy and affordable. To ensure you can access the financing you need, we've outlined the key eligibility criteria for both new and used commercial vehicle loans below:

Eligibility for New Commercial Vehicle Loan:

Criteria Details
Employment Requirement Salaried: 2 years employment; Self-employed: 2 years business experience
Employment Type (Salaried) Private/Limited companies, Partnership companies, trusts, associations, societies
Company Operation Duration Minimum 2 years
Financial Statements Minimum 2 years of audited financial statements
Guarantors Requirement May be required; waived with good CIBIL Score and repayment history
Residence Requirement Minimum 2 years at current address
Driving Experience (First-Time Purchasers) Minimum 3 years
Property Requirement (Specific Vehicle Loans) Own house required for light commercial vehicles, multi-utility vehicles, and tractor loans

Eligibility for Used Commercial Vehicle Loan:

Criteria Details
Prior Experience 3-5 years running commercial vehicles
Credit History Good credit history and satisfactory repayment track
Residence Stability Stability in current place (city, village, town)
Credit Policies Must fulfill Tiffany Finance credit policies
Vehicle Ownership Must own minimum 2 vehicles for at least one year

Documents Required for Commercial Vehicle Loan


  • Passport
  • Pan Card
  • Voter Identity Card
  • Driving License
  • Aadhar Card

  • Passport
  • Electricity Bill
  • Bank Account Statement
  • Telephne Bill
  • Ration Card
  • Aadhaar Card
  • Sale Deed/Property Purchase Agreement (for owned properties)
  • Driving License

  • Bank Statement

  • Qualification Certificate/Certificate of Practice (COP)
  • Shop Act License/ MOA & AOA/ Sales Tax/ Vat registration/ Partnership Deed

Note: This is just an indicative list additional criteria and documents may be required at the time of loan application.Self-attested copy of relevant documents.

How To Apply

Process of applying for loan against property is easy and fast with us. Some of the ways you can apply for loan are :



Through Website

Apply Now

You can call us on
our customer care number
1800-890-6544

Email us on
customercare@tiffanyfinance.com
and we will get in touch with you.


Through Whatsapp

Apply Now

FAQs

Our commercial vehicle loan includes all the categories of vehicles including SCVs (Small Commercial Vehicles), LCVs (Light Commercial Vehicles), MUVs (Multi Utility Vehicles) and HUVs (Heavy Commercial Vehicles).

You can apply for any type of loan with the below options: 1. You can directly apply from our website Apply Now Page. 2. You can call us on our customer care number @ 1800-890-6544 3. You can email us on customercare@tiffanyfinance.com and we will get in touch with you. 4. Visit our nearest branch to get support directly from our executives.

Yes, we offer re-finance on an existing commercial vehicle you own. New vehicle finance, second-hand vehicle finance and re-finance of existing commercial vehicle, you can apply for all three types of financing.