×

Fill the detail

Fill the form our executive will contact you

What are you looking?

Generate OTP

Commercial Vehicle Loan

Get hassle-free funding for new and used commercial vehicles and take your business to the next level

Our Products

Used Commercial Vehicle
Loans

New Commercial Vehicle
Loans

Flexi
Loans

Features & Benefits

Loans for all customers

We cater to all – Medium and small fleet owners, individuals, first time users, partnership and proprietorship firms, and private and public limited companies

Loans for all vehicle types

We offer financing for all types of used and new commercial vehicles – light, small, medium, heavy and multi-utility vehicles

Amount upto INR 15 Lakhs

Eligibility typically depends on business turnover, vintage, assessment of cash flows, age on maturity and other key factors.

Tenure up to 60 months

Tenure typically depends on your profile, estimated collateral value, type of repayment scheme and other key factors.

Minimal Documentation

We keep our documentation simple. In fact, we do not collect any physical documents until we’re sure we can meet your requirements.

Features

Loan Amount: Up to INR 12 Lakhs

Maximum Loan to Value Ratio: 95%

Maximum Tenor: 24 - 60 months

The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, Vintage of the Vehicle at loan maturity, etc.

Rates & Charges

  • Processing Fees

    1.25 % of the loan amount + GST

  • Interest Rate

    18.5% - 24.5% per annum

  • Interest Rate Type

    Fixed

  • PLR:

    20.77%

  • PLR less spread

    Less 0.17% - Plus 5.83%

Documentation

Our documentation requirements are structured to ensure that we collect the least number of documents for your loan.

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statement
  • Collateral Document

Please note that depending on the individual case, Vastu Finserve reserves the right to ask for any additional documents as well.

Features

Loan Amount: Up to INR 12 Lakhs

Maximum Loan to Value Ratio: 95%

Maximum Tenor:24 - 60 months

The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, Vintage of the Vehicle at loan maturity, etc.

Rates & Charges

  • Processing Fees

    1.00 % of the loan amount + GST

  • Interest Rate

    14.5% - 16.5% per annum

  • Interest Rate Type

    Fixed

  • PLR:

    20.77%

  • PLR less spread

    Less 4.17% - Less 2.17%

Documentation

Our documentation requirements are structured to ensure that we collect the least number of documents for your loan.

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statement
  • Collateral Document

Please note that depending on the individual case, Vastu Finserve reserves the right to ask for any additional documents as well.

Features

Loan Amount: Up to INR 5 Lakhs

Maximum Loan to Value Ratio: 95%

Maximum Tenor: 24 - 60 months

The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, Vintage of the Vehicle at loan maturity, etc.

Rates & Charges

  • Processing Fees

    1.00 % of the loan amount + GST

  • Interest Rate

    13 – 15% per annum

  • Interest Rate Type

    Fixed

Documentation

Our documentation requirements are structured to ensure that we collect the least number of documents for your loan.

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statement
  • Collateral Document

Please note that depending on the individual case, Vastu Finserve reserves the right to ask for any additional documents as well.