Drive Your Dreams Get a Loan for Your Used Commercial Vehicle Today! Drive Your Dreams Get a Loan for Your Used Commercial Vehicle Today!

Used commercial Vehicle Loans Features And Benefits

Fast Processing

Enjoy quick loan processing and disbursement with minimal paperwork and a faster turnaround time.

Hassle-Free Process

Experience convenient loan processing with minimal paperwork.

Ageless Financing

Get loans for used commercial vehicles up to 15 years old.

Low-Interest Rate

Enjoy attractive interest rates to reap financial benefits.

Refinancing Options

Refinance against existing vehicles to access favourable repayment terms.

Used Commercial Vehicle Loan Eligibility Criteria

Age

Between 18 to 65 years* old

Business Stability

Minimum 1 year of stable business

Essential Documents For Used Commercial Vehicle Loan

KYC Documents (Any one)

Passport
Voter ID Card
Aadhaar Card
Driving License
PAN Card

Valid Address Proof(Any one)

Passport
Electricity Bill
Ration Card

Income Proof (Any one)

Salary Slip
Form 16
ITR with Computation of Income

Valid Assets Proof

Photocopy of Vehicle RC Book and Insurance Certificate

Other Documents

Bank Statement or Passbook

Avail Loan In 3 Simple Steps

Select Your Vehicle

Choose a used commercial vehicle for which you want to avail yourself of the loan.

Get Approval

Submit the required documents and get instant approval.

Loan Disbursal

Upon approval, your loan will be disbursed in no time.

Customers Speak

Extremely satisfied with the overall loan process. It was straightforward and quick. No complaints.
D
Devendra
A completely digital loan approval and disbursal process made my life easier. I will highly recommend it for financing a used commercial vehicle.
S
Satinder
No hidden charges and a completely transparent process made this platform a clear winner for me. Simply amazed with their fast loan processing.
P
Pulla Raju
No other place makes applying and getting a loan this much simple. Also they provide support every step of the way. Highly satisfied.
D
Durgesh

Used Commercial Vehicle Loan Blogs & Videos

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About Used Commercial Vehicle Loan

Need a quick and convenient financing solution for a used commercial vehicle? You are in the correct place. We ensure you benefit from low-interest-rate loans with easy repayment options. This loan will help you fulfil a range of business needs. We are the perfect partner to guide you on the road to success.

What are the Benefits of Used Commercial Vehicles Loan?

  • Ensure greater savings with an affordable interest rate.
  • Instant loan approval to save you time with a faster turnaround.
  • Convenient process with minimal documentation.
  • Get finance for up to 15-year-old vehicles.
  • Maximise benefits with refinancing against an existing vehicle.

How to Apply?

Apply for the Used Commercial Vehicle Loan in 3 simple steps:

  • Choose the Vehicle: Select a used commercial vehicle that fits your needs and budget.
  • Loan Approval: Submit the required details and documents and get loan approval.
  • Quick Disbursal: The loan will be sanctioned and successfully disbursed upon verification and approval.

What is the Eligibility Criteria for the Used Commercial Vehicles Loan?

Are you concerned about your eligibility for a loan on a used commercial vehicle? Just ensure:

  • You are an Indian citizen.
  • Your age is between 18 – 65 years.
  • Minimum 1 year of stable business.

What are the Documents Required?

Keep the following documents ready to get an instant used commercial vehicle loan:

  • Photo Identity Proof: Voter ID Card/ Passport/ Aadhar Card/ Driving License/ PAN Card
  • Age Proof: PAN Card
  • Proof of Address: Ration Card/ Passport/ Electricity Bill (Any One)
  • Proof of Income: Salary Slip/ ITR with computation of income/ Form 16
  • Proof of Assets: Photocopy of Insurance certificate and Vehicle RC Book
  • Other Documents: Photocopy of Bank Statement or Passbook

In the case of Proprietorship or Partnership firm, additional documents required is Partnership deed with a declaration for partnership firm. For Private and/ or Public Limited Companies, the additional documents needed are:

  • For proof of age, a PAN card is required.
  • Memorandum of Association (MOA)/ Articles of Association (AOA) with board resolution for borrowing.

Frequently Asked Questions On Used Commercial Vehicle Loan

1. How long will it take for the Used Commercial Vehicle Loan to be disbursed?

The Used Commercial Vehicle Loan disbursal happens instantly if the documents are clear, and the customer is eligible.

We provide Used Commercial Vehicle Loan up to a maximum of 95% of the used vehicle value.

The maximum age of the asset or your used commercial vehicle should be up to 15 years.

Yes, you can trust Tractorkarvan for availing Used Commercial Vehicles loan.

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