Commercial Vehicle Loan by CI Capital
Finally found your dream vehicle but worried about the financing? A vehicle loan is just what you need.
It helps you bring home your desired vehicle quickly, without dipping into your savings or disrupting your monthly budget. A vehicle loan is financing that you can use to purchase any vehicle— from a bike to a truck. It is a secured loan, which means the vehicle itself will be the collateral.
So, you don’t have to worry about offering assets as security against your loan.
And the best part? You can repay your loan easily in comfortably monthly installments for a duration of your choice.
Disclaimer: Commercial Vehicle Loans are at the sole discretion of CI Capital. Terms and conditions apply.
Loan Amount
₹ 1 Lakh to ₹ 90 lakhs
Loan tenure
12 to 60 months
Self-Employed Non-Professional Interest rate starting @
15% - 26%
Commercial Vehicle Loan: Benefits & Features
Attractive Interest
Rates
At CI Capital, we provide attractive interest rates to ensure that your loan remains affordable and easy to manage. This helps you plan your finances.
Up to 95%
Funding
CI Capital offers up to 90% funding for used car loans, reducing the need for a large down payment. This high loan-to-value ratio makes it easier to purchase.
Tailored EMI
Plans
To cater to diverse financial needs, CI Capital provides two EMI plans: fixed EMI and flexi EMI. Fixed EMI keeps your monthly instalments the loan term.
Simplified Documentation
Our online process requires minimal documentation, making it easy to apply and get approved. You can upload necessary documents.
Commercial Vehicle Loan Eligibility
- Salaried Employees
- Your age must be between 21 and 60 years.
- You must have a minimum monthly salary of Rs. 20,000.
- You must have a minimum of one year of work experience.
- The business must have been operating for at least the past three years.
- You must have a minimum income of Rs. 2 lakhs per annum.
- Either the firm or the individual partner must have an annual income of Rs. 2 lakhs.
Documents required for Commercial Vehicle Loan
- Last 3 Months Bank Statements
- 3 latest Salary Slips with the latest Form 16
- KYC documents: (any one from the list mentioned below)
- Passport
- Driving license
- PAN Card
- Aadhaar Card with date of birth
- Voters Id
Commercial Vehicle Loan : Basic Eligibility Criteria
Commercial Vehicle Loan FAQs
We offer various vehicle loans to suit your needs, including used car loans and two-wheeler loans. Whether you are looking to purchase a pre-owned car or a motorcycle, CI Capital provides flexible repayment options, competitive interest rates, and an online application process to make your purchase easier and more affordable.
At CI Capital, we offer flexible loan tenures for vehicle loans. The tenure for used cars ranges from 12 to 72 months, and for two-wheelers, it ranges from 6 to 60 months. This flexibility allows you to choose a repayment period that aligns with your financial situation and repayment capability.
To be eligible for a vehicle loan from Tata Capital, you must meet the following eligibility criteria:
For salaried employees:
Age between 21 and 60 years.
Minimum monthly salary of Rs. 20,000.
Minimum one year of work experience.
For self-employed individuals:
Age between 21 and 65 years.
Must be a proprietor.
Business must be operating for at least three years.
Minimum annual income must be Rs. 2 lakhs.
The maximum amount you can avail is 100% of the Vehicle on-road price.
Anyone over 21 years of age can apply for an ICICI Bank Two-wheeler Loan.
Vehicle Loan Interest Rates vary based on the Loan Amount, Tenure and borrower's creditworthiness. Interest rates on CI Capital Vehicle Loans range from 10.25%* to 26.10%.*
Apply for Commercial Vehicle Loan at Your Convenience
Personal Car Loan
CI Capital offers loans on all kinds of cars (used and new) including hatchbacks, premium hatchbacks, sedans, MUVs, and SUVs of varied vehicle brands.
Commercial Vehicle Loan
We offer the Commercial Vehicle Loan to customers with various profiles. With quick processing, flexibility and competitive rates.
Business Loan
SME loans are normally used by small and medium enterprises, who are keen on expanding their existing business or need to invest.
Secured Loan
Secured loans require collateral, often used for large purchases or when credit scores are insufficient for unsecured loans.
