Drive Your Business Forward with a Commercial Vehicle Loan
Affordable financing solutions to purchase, upgrade, or expand your fleet with flexible repayment options through our trusted banking partners.
Commercial Vehicle Loan
Expand your business with Taurus Financial Services by accessing the right lenders for commercial vehicle loans. Financing is available for both new and used vehicles. With attractive interest rates, high loan amounts, and flexible repayment options via our partner institutions, purchasing or upgrading your fleet is easier than ever.
Quick loan disbursal
Up to 100% funding
Attractive rate of interest
Minimal Documentation
Personalized Service
No Hidden Charges
Features & Benefits of Commercial Vehicle Loan
- Finance up to 100% of the vehicle cost (for new vehicles)
- Repayment tenure up to 84 months
- Quick approval and disbursal with minimal documentation
- Structured repayment plans to suit your business cash flow
- Available for both new and pre-owned vehicles
Types of Commercial Vehicle Loans
1. New Commercial Vehicle Loan
Overview: Financing solutions for brand-new commercial vehicles, helping businesses grow with ease through our banking partners.
- Finance up to 100% of the asset cost
- Repayment tenure up to 84 months
- Attractive interest rates starting from ~8.5% p.a.
- Quick processing with minimal documentation
2. Used Commercial Vehicle Loan
Overview: Affordable financing for pre-owned vehicles, enabling expansion without heavy upfront investment through our partner institutions.
- Finance up to 75–90% of the assessed value
- Tenure up to 60 months
- Interest rates starting from ~10% p.a.
- Structured repayment options
- Quick approval and disbursal
Commercial Vehicle Loan Eligibility and Documents
Read on to know the criteria required to apply for our Commercial Vehicle Loan.
Eligibility Criteria for Commercial Vehicle Loan
Taurus Financial Services helps you connect with lenders who offer loans to:
- Individuals, proprietors, partnership firms, and companies engaged in commercial transport
- Self-employed individuals, fleet operators, and small businesses
- Minimum Age: 21 years at the time of application
- Stable income proof or proof of business continuity required
Documents Required for Commercial Vehicle Loan
- KYC: PAN Card, Aadhaar Card, Passport, or Voter ID
- Business Proof: GST certificate, trade license, partnership deed, or company registration
- Income Proof: ITR / bank statements / audited financials
- Vehicle Documents: Quotation/invoice for new vehicles or ownership proof for used vehicles
- Passport-sized Photographs: Applicant/co-applicant
How to use Commercial Vehicle Loan EMI Calculator
Estimate your monthly installments by entering:
Loan Amount
Interest Rate
Loan Tenure
Get a clear repayment plan before applying through our lending partners.
Fees and Charges for Commercial Vehicle Loan
| Particulars | Charges |
|---|---|
| Interest Rates | New Vehicle Loans: Starting from ~8.5% p.a.
Used Vehicle Loans: Starting from ~10% p.a. |
| Processing Fees | Up to 1.50% of the loan amount |
| Valuation Charges | ₹900 per asset |
| Rescheduling Charges | ₹1,000 |
| Late Payment Penalty | 1.50% per month |
| Other Charges | Duplicate NOC – ₹500, CIBIL Report – ₹50 |
Commercial Vehicle Loan Reviews
During the festive season, I needed an extra commercial vehicle to meet delivery demand. Taurus guided me to the right bank, assisted with the paperwork, and the loan was processed quickly, which really helped my business grow.
Ramesh Yadav
I wanted to add two trucks to my transport business and approached Taurus for help. They compared multiple banks, explained my options, and made the loan process stress-free and smooth.
Rajesh Gupta
Expanding my logistics company required a new vehicle, but I wasn’t sure which bank to approach. Taurus Financial Services guided me through the options, connected me with the right lender, and the approval came faster than I expected. Truly reliable support.
Sandeep Kulkarni
When I decided to purchase a commercial vehicle for my business, the Taurus team made everything simple. From comparing loan offers to assisting with documentation, they handled it all and ensured I got the best deal from their partner bank.
Anil Verma
Commercial Vehicle Loan FAQs
A Commercial Vehicle Loan is a financing option provided by banks/NBFCs that helps individuals, businesses, and fleet operators purchase new or used commercial vehicles. Taurus Financial Services assists you in connecting with the right lenders.
Eligible applicants include salaried individuals, self-employed professionals, business owners, transport operators, fleet owners, and farmers, provided they meet basic eligibility criteria.
Up to 84 months (7 years) for new vehicles and up to 60 months (5 years) for used vehicles, depending on the lender’s policy.
Applicants must be at least 21 years old at application and not older than 70 years at loan closure.
A guarantor is generally not mandatory. Adding a co-applicant can improve loan eligibility and approval chances.
Yes. Financing is available for both new and pre-owned vehicles, subject to lender valuation and vehicle condition.
New Vehicles: Up to 100% of the vehicle cost (loan up to ₹1 Crore+)
Used Vehicles: Up to 75–90% of assessed value
The financed vehicle usually serves as primary collateral. Additional security may be requested depending on the loan size and lender policy.
With complete documentation, approval and disbursal are usually completed within a few working days through our lending partners.
Yes. Charges depend on the lender’s policy. It is advisable to confirm terms before applying.
Yes. Many lenders provide refinancing options to reduce EMIs or get better interest rates.