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Used Commercial Goods Vehicle Finance
Used Commercial Goods Vehicles (CGVs) offer a cost-effective way to expand your business operations in India. But even the most resourceful entrepreneur might need financing to acquire them. Here's where Used Commercial Goods Vehicle Finance comes in, empowering you to unlock your business potential with affordable loan options.
Features & Benefits of Used Commercial Goods Vehicle Finance
Reduced loan burden
Save significant money on used commercial vehicles compared to buying new, freeing up capital for other business needs
Flexible Financing
Choose a loan repayment plan that fits your budget and cash flow, making financing manageable and sustainable
Fast Approval
Get approved for financing quickly and efficiently, minimizing downtime and allowing you to focus on your business
Improved Cash Flow
Spread out your payments to ease your monthly expenses and ensure your business's cash flow is managed better
Wide range of Vehicle Selection
You can choose from a diverse array of pre-owned passenger commercial vehicles from reputable dealers, depending on your specific transportation needs.
Faster Approvals
The application process is streamlined and efficient, reducing delays, ensuring you have access to funds as soon as possible.
Used Commercial Goods Vehicle Finance Calculator
Most lenders offer online calculators to estimate your monthly EMI based on the loan amount, tenure, and interest rate. This helps you plan your finances effectively.
Loan Summary
Loan
How to Apply Used Commercial Goods Vehicle Finance Online
You can apply for Used Commercial Goods Vehicle Finance online in a few simple steps
Step 01
Register using your mobile numberStep 02
Verify and proceed using OTPStep 03
Enter personal detailsStep 04
Receive a call from our representative
Eligibility of Used Commercial Goods Vehicle Finance
Registered business with a valid PAN and GST number
Minimum business vintage of 1-2 year
Should be in the transportation-related business at least 1-2 years
Stable income and financial statements
Shriram Used Commercial Goods Vehicle Finance Quick Facts
Loanable amount
Up to 90%* of the vehicle's value
Loan tenure
Flexible repayment options ranging from 84 months
Interest rates
Competitive, starting as low as 10%* p.a.
Documentation
Easy and hassle-free documentation process
Eligibility
Businesses, self-employed individuals, sole proprietors, partnerships and private limited companies can apply
Documents Required For Used Commercial Goods Vehicle Finance
- Business registration documents (registration document, GST certificate, etc)
- Proof of identity (passport, driver's license, etc.)
- Proof of address (utility bill, bank statement, etc.)
- Proof of income (bank statements, tax returns, etc.)
- Vehicle registration documents
- ITR returns (past 2 years)
Used Commercial Goods Vehicle Finance Interest Rates and Charges
Interest rates for Used/Old Commercial Goods Vehicle Finance depend on several factors, including your current liabilities, required loan amount, and tenure. Our interest rates are competitive and start as low as 10%* p.a. There are additional charges like processing fees, overdue interest charges and late payment fees. Kindly check with a Shriram Finance representative or visit the nearest Shriram Finance branch
For interest rate and applicable Fees/charges, please refer our interest rate policy : Interest Rate Policy
FAQs
What is Used Commercial Goods Vehicle Finance?
Used Commercial Goods Vehicle Finance is a loan specifically designed to help businesses purchase pre-owned commercial vehicles like trucks, vans, and buses.
What is the maximum loan amount for a Used Commercial Goods Vehicle loan?
The maximum loan amount typically ranges up to 90%* of the vehicle's value, but can vary depending on the lender and your creditworthiness.
Who is eligible for a Used Commercial Goods Vehicle loan?
Businesses with a stable income, good credit history, and valid business documents are eligible. Kindly check with a Shriram Finance representative or visit the nearest Shriram Finance branch.
How do I get a loan from Used Commercial Goods Vehicle finance?
You can apply online through our website or Shriram One (available both on Play Store and App Store) providing the required information. The process is usually quick and hassle-free, with loan approval within a few days.
What is the process of a Used Commercial Goods Vehicle loan?
The process typically involves comparing offers, applying online, submitting documents, getting approval, and receiving loan disbursal.
