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Commercial vehicle Loans

At Fullerton India, we believe that to scale up your business and attain new heights, it is important to be constantly on the move. A commercial vehicle provides mobility and growth to your venture and commercial operations. Fullerton India offers commercial vehicle finance for both New and Used commercial vehicles, based on the vehicle requirement and business needs of the customer.

Commercial Vehicle Loans at Fullerton India are easy to avail and involve minimum documentation and a hassle free process. With a widespread network across the country, we offer a complete customized finance solution to the vehicle owners in this sector. Our commercial vehicle loans can give wings and speed to your enterprise as our loan plans are extremely flexible and affordable. They cover finances for small commercial vehicles to large and heavy ones like buses and tractors.

Commercial Vehicle Loans

Fullerton India Advantage

Loans starting from INR 1 Lakh onwards

Flexible finance schemes for both new and used vehicles

Quick and hassle free process

Attractive interest rates

Minimum documentation

Multiple repayment options

  • Application form with a recent photograph
  • Proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
  • Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
  • Age proof (PAN Card, Passport, any other certificate from a statutory authority)
  • Bank Statements (Bank statement / Bank Passbook for last 6 months)
  • Fleet List (if any)
  • Profit and loss statement for last 3 years
  • Balance sheet for last 3 years
  • Income Tax Returns for last 3 years (for self and business) duly certified by a CA
  • Processing fee cheque

Are there any specific types of Commercial Vehicles for which finance is provided?

At Fullerton India, we finance all types of goods and passenger carrying vehicles, right from under 1 ton GVW vehicles to vehicles having a gross vehicle weight of over 40 Tons.

I have a working capital need for my business, can I take a loan on my loan- free commercial vehicle?

Yes, we provide re-finance on a pre-owned commercial vehicle.

Can I get a loan on a car that would be used with a commercial number plate (Yellow Number Plate)

No, unfortunately, we do not finance passenger cars having a commercial number plate.

My core business is not goods transportation, but I am looking to buy a vehicle which will help me reduce my dependency on a Transport Service provider.

Yes, we would be happy to extend our services to you. We would request you to please contact our nearest Fullerton branch or call centre and our executive will help you with further process.

What documents are required for financing my loan?

Please refer to our document checklist for the detailed list of document required for the loan sanctioning process.

What is the rate of interest that I would be charged?

The rate of interest depends on a lot of factors such as the number of vehicles owned, your turnover, your repayment Track record, etc. We would be able to confirm the rate of interest once we have studied your documents.

* Loans are at the sole discretion of Fullerton India and are subject to guidelines of the Reserve Bank of India. Fullerton India may engage the services of marketing agents for the purpose of sourcing loan assets in certain locations.