Commercial Vehicles & Construction Equipment Loans
Utkarsh Small Finance Bank provides loan to buy New & Used commercial vehicle & construction equipment to both new customers and existing customers. These loans start from 2,00,000 onwards and are secured against the underlying vehicle offered as collateral. The repayment tenure for such loans is between 12 and 60 months with attractive rate of interest.
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Phone: 1800 208 1788
Email : [email protected]
Any individual, Proprietorship firm, Partnership firm, Private Ltd Company, Ltd Company, Society, and, Trust having minimum two years of experience can apply for the facility.
Individual age norms: Minimum 20 years and Maximum 68 years at the time of maturity of loan
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Stamp duty charges shall be applicable.
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Processing Fee in Commercial Vehicles and Construction Equipment ranges from 0.30 – 0.50% with applicable taxes.
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Additional Documentation charges of 1100/- with applicable taxes.
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Loan Cancellation charge of 3000/- with applicable taxes.
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USFBL reserves the rights to revise the rate of interest and processing fee and documentation charge from time to time, at its sole discretion
Funding for all types of Commercial Vehicles and Construction & Mining Equipment.
Flexible Tenure. Tenure may vary from 12 to 60 months, depending upon the deal structure and the repayment capacity.
Apply to Commercial Business
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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FAQs
Repayment would be based on Equated Monthly Installment [EMI].
Yes, Utkarsh Small Finance Bank's commercial Business loans can be prepaid subject to additional charges applicable.
- KYC
- Experience Proof for proposed asset or in relevant trade.
- Statement of loan track availed if required as per norms.
- ITR and Financials of last two years for specific category of customers.
- Contract copy.
- Additional documents required as per norms.
Specific interest rate applicable to a customer would be based on factors such as customer profile, relationship and tenure of loan.
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