Rates and Charges
Commercial Vehicle Loan Interest Rates
We offer attractive interest rates on Commercial Vehicle Loan ranging from 16% – 28% subject to a credit assessment and property collateral.
| Commercial Vehicle Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 16% – 28% |
| Login Fee (Non-refundable) | N/A |
| Processing Fees | 1- 3% on the sanctioned loan amount |
| Loan Tenure | 1 year to 6 years |
| Pre-closure Charges | 4- 7% on outstanding balance |
| Guarantor Requirement | Varies |
| Penal Charges | Rs. 2/- per day on every Rs. 1000/- of delayed interest and/or delayed EMI |
Note:-
- Applicable GST charges shall be levied as per the statutory requirement.
- The Company shall be permitted to levy any other charges in the nature of reimbursement from the customer. including applicable taxes. The Company may levy any additional charges on a case-by-case basis as defined in the terms of agreement.
Most important terms and conditions: Click here to view
