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Upgrade Your Fleet with Affordable Used Passenger Vehicle Financing Now!
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Used Passenger Commercial Vehicle Finance

Features & Benefits of Used Passenger Commercial Vehicle Finance

There are a number of benefits to financing a used passenger commercial vehicle. These include:

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Reduced Down Payment

Enjoy financial flexibility with loans covering up to 90% of the vehicle's value, minimizing your upfront investment and allowing you to allocate capital towards other business needs.

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Boost Business Growth

Expand your fleet and meet increasing demand without waiting for the resources to purchase brand-new vehicles. Used passenger commercial vehicles offer a cost-effective way to scale your operations quickly.

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Improved Cash Flow

Spread your payments over a convenient tenure, easing the burden on your monthly expenses and ensuring better cash flow management for your business.

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Wide Vehicle Selection

Choose from a diverse range of pre-owned passenger commercial vehicles from reputable dealers, finding the perfect fit for your specific transportation needs.

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Faster Approvals

Streamlined documentation and efficient processing times ensure you get access to funds quickly, minimizing delays in getting your business moving.

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Used Passenger Commercial Vehicle Finance Calculator

A used passenger commercial vehicle finance calculator can help you estimate your monthly payments.

Loan Summary

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Loan

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How to Apply Used Passenger Commercial Vehicle Finance Online?

You can apply for used passenger commercial vehicle finance online in a few simple steps.

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  • Step 01

    Register using your mobile number
  • Step 02

    Verify and proceed using OTP
  • Step 03

    Enter personal details
  • Step 04

    Receive a call from our representative

Eligibility of Used Passenger Commercial Vehicle Finance

The eligibility criteria for used passenger commercial vehicle finance may vary based on the type of loan required and other factors. Some general requirements include:

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The applicant must be at least 18 years of age (The applicant should not be older than 70 years at the end of the loan tenure)

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Registered business with a valid PAN and GST number

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Should be in the transportation-related business at least 1-2 years

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Stable income and financial statements

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Ownership of a valid driving license and commercial vehicle permits (if applicable)

Shriram Used Passenger Commercial Vehicle Finance Quick Facts

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Loanable amount

Up to 90% of the vehicle's value

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Loan tenure

Flexible repayment options ranging from 84 months

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Interest rates

Competitive rates starting from as low as 10%* p.a.

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Documentation

Simple and streamlined documentation process

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Eligibility

Self-employed individuals, sole proprietors, partnerships and private limited companies can apply

Used Passenger Commercial Vehicle Finance Interest Rates and Charges

FAQs

What is Used Passenger Commercial Vehicle Finance?

Used passenger commercial vehicle finance is a type of loan that allows you to borrow money to purchase a used passenger commercial vehicle.

What is the maximum loan amount for a Used Passenger Commercial Vehicle loan?

The maximum loan amount for a used passenger commercial vehicle loan will based on various factors, but it is typically up to 90% of the value of the vehicle.

Who is eligible for a Used Passenger Commercial Vehicle loan?

To be eligible for a used passenger commercial vehicle loan, you must typically meet the following criteria:

  • The applicant must be at least 18 years of age (The applicant should not be older than 70 years at the end of the loan tenure)
  • Should be in the transportation-related business at least 1-2 years

How do I get a loan for Used Passenger Commercial Vehicle finance?

You can apply for used passenger commercial vehicle finance online contact a Shriram Finance Representative