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Commercial vehicles play a vital role in enhancing business transportation efficiency, offering logistical flexibility and long-term cost benefits. If you’re in need of financing for a pre-owned commercial vehicle, our Used Commercial Vehicle Loan provides a hassle-free solution through a simplified process.
With our Used Commercial Vehicle Loans, you can even transfer your current loans and take advantage of reduced interest rates. Maximise the benefits of our service by refinancing your pre-owned commercial vehicles. Apply for our Used Commercial Vehicle Loan and simplify your work life.
The features of our Used Commercial Vehicle Loan allow you to enjoy a wide range of benefits.
Enjoy the optimum financial benefits with our affordable interest rate offers.
Finance your used commercial vehicle without worrying about the age of the asset.
Enjoy faster Turn Around Time (TAT) and minimal paperwork using our tab-based processing.
Skip the long queue. Get your loan approved instantly with our efficient loan processing.
Choose a refinancing option with TVS Credit and make the most of our attractive features.
| Schedule of Charges | Charges (inclusive of GST) |
|---|---|
| Processing Fees | Upto 5% |
| Penal Charges | 36% per annum on unpaid installment |
| Foreclosure Charges | a) Remaining loan tenure is <=12 months - 3% on principal outstanding b) Remaining loan tenure is >12-<=24 months-4% on principal outstanding c) Remaining loan tenure is >24 months - 5% on principal outstanding |
Other Charges |
| Bounce Charges | Rs.650 |
| Duplicate NDC/NOC Charges | Rs.500 |
For a complete list of charges, please click here
Get an estimate of your EMI, processing fee and other essential information. Get the calculation done instantly with a used commercial vehicle loan EMI Calculator and make prudent decisions.
Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.
Wondering if you meet all the requirements to opt for a loan? Check your eligibility and get a used commercial vehicle loan.
Indian
18 – 65 years*
Min 1 Year
Make sure you have all the mandatory documents before applying for a used commercial vehicle loan:
Choose the used commercial vehicle you want to avail of the loan for.
Upload the required documents and get your loan approved.
After approval, get your loan disbursed without any delay.
Welcome back! Submit the below-mentioned details and get a loan for a used commercial vehicle.
OTP will be sent your mobile number
The interest rates for a used commercial vehicle loan may differ depending on several factors like customer segment, credit score, loan tenure, and age of the vehicle.
Check your eligibility to apply for a second-hand commercial vehicle loan.
We can fund heavy vehicles up to 15 years old (asset age) for a used commercial vehicle loan.
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