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Used Commercial Vehicle
Used Commercial Vehicle
Used Commercial Vehicle
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  • Key Benefits
  • Interest Rates
  • Calculators
  • Document Required
  • FAQs

Commercial Vehicle Loan

Expand or start your business by buying your preferred commercial vehicle today. We offer attractive loan options to set up, scale up or expand businesses supported by commercial vehicle.

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Loans for all customers

We cater to all – Medium and small fleet owners, individuals, first time users, partnership and proprietorship firms, and private and public limited companies

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Loans for all vehicle types

We offer financing for all types of used commercial vehicles – light, small, medium, heavy and multi-utility vehicles

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Amount upto INR 15 Lakhs

Eligibility typically depends on business turnover, vintage, assessment of cash flows, age on maturity and other key factors.

Tenure up to 60 months

Tenure typically depends on your profile, estimated collateral value, type of repayment scheme and other key factors.

Key benefits

  • Easy new/used commercial vehicle funding.
  • Attractive terms and conditions.
  • Comfortable rates of interest.
  • Smooth online loan applications.
  • Quick processing and disbursal of loans.
  • Zero hidden charges.
  • Top-class customer service.
We have diverse eligibility criteria for our commercial vehicle loans. This includes your age, income, nature of your business/employment, and more.

Eligibility

Nationality

Indian

Loan Tenure

60 Months

Customer Profile

Self Employed, Farmer, Driver

Employment Stability

2 Years or more

Interest Rates

Our interest rates are competitive and reasonable for customers. They depend on various factors.

Processing Fees

1.25%

of the loan amount + GST

Interest Rate

18.5%

per annum onwards

Interest Rate Type

Fixed

PLR:

19.77%

Calculate your EMI

Equated Monthly Installment (EMI):

0 INR

Total Interest Payable:

0 INR

Total of Payments (Principal + Interest):

0 INR

Documents Just what is needed. Nothing more.

Our documentation requirements are structured to ensure that we collect the least number of documents for your loan.

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statement
  • Collateral Document

Please note that depending on the individual case, Karza House reserves the right to ask for any additional documents as well.

FAQs

What is the tenure of a commercial vehicle loan?

Our tenures are flexible for commercial vehicle loan customers.

What are the interest rates on commercial vehicle loans?

We have reasonable rates of interest, depending on various factors.

Where can I apply for a commercial vehicle loan?

You can call or WhatsApp us at +91 84410-05500. You can also email customercare@karzahouse.com.

What is the maximum and minimum amount for a commercial vehicle loan?

There are maximum or minimum commercial vehicle loan amounts. It all depends on several factors like the vehicle cost, your eligibility, and so on.

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