Commercial vehicel finance or commercial vehicle hire purchase is done through banks and non-banking finance companies (NBFCs). These companies finance new vehicles as well as used ones. Usually they have tie-ups with the manufacturers to provide fast and easy loans to its customers. The terms and conditions differ from one company to other.
Overview Features of Commercial Vehicle Leasing
The value of the vehicle is assessed and finance is provided based on the value.
The vehicle should be in the name of the customer.
Proper comprehensive insurance cover is mandatory.
Early closure is allowed.
Types of Commercial Vehicle being Financed
Trucks
Buses
Coaches
Three wheelers
Taxicabs
Vans
Documents Required
Copy of the vehicle's registration certificate and / or immovable property document or fixed deposit / security.
Notarised photograph of the customer and the guarantor.
Address proof in the form of ration card / voter's card / passport / electricity bill / telephone bill.
Contract numbers, in cases where the customer is an existing / past customer of TMF.
Land and building ownership documents certified by the appropriate government authority like search report / NEC.
View Comments
By J K PATHAN (on Dec 19, 2011 04:48 PM)
MAHINDRA NEVI STAR COMERCIAL TIPPER FINANCE ABOVE AMMAUNT 2500000 RS
By Mushtaq Ahmed (on Dec 15, 2011 03:45 PM)
I need 100 commercial vehicle passenger bus and trucks
By Himanshu srivastava (on Dec 13, 2011 11:08 AM)
I am in reliance general insurance company limited and wants to start insurance business.
By Tejas Shah (on Nov 15, 2011 11:31 PM)
I am in commercial vehicle industry so pls send all details of finanace document, guranters papers, rate of interest flat & reducing what is the process & in which day one file is out . contact no. of all & add of your offices in pune. thanks.
By ABHISHEK SRIVASTAVA (on Oct 17, 2011 05:25 PM)
Sir please send detail how to get DSA in sonbhadra / varanasi/ mirzapur UP Thankyou sir
By Dhananjay Bhor (on Oct 14, 2011 01:59 PM)
I am in commercial vehicle industry so pls send all details of finanace document, guranters papers, rate of interest flat & reducing what is the process & in which day one file is out .
contact no. of all & add of your offices in pune.
thanks.
By Md.afzal (on Sep 30, 2011 11:15 AM)
Sir i want to finance a 10 wheel truck very urgent so plz tell me the process thx.
By ANIRBAN SEN (on Sep 17, 2011 02:54 PM)
I WANT TO PURCHASE VOLBO BUSES PLEASE TELL ME DETAILS OF LOAN.
By ANIRBAN SEN (on Sep 17, 2011 10:56 AM)
I want to purchase volvo buses on finance please help me.
By Arokianadhan anthony (on Sep 16, 2011 09:15 AM)
I am looking for commercial vehicle finance (Mahindra Xylo)
