How do I repay the Commercial Vehicle Loan?
Repayment would be based on Equated Monthly Installment (EMI).
Can I foreclose or prepay my Commercial Vehicle Loan?
Yes, Utkarsh Small Finance Bank’s commercial Business loans can be prepaid subject to additional charges applicable.
What documents do I need to submit to avail a Commercial Vehicle Loan?
- 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.
How is the interest charged/calculated for Loan for Commercial Loan?
Specific interest rate applicable to a customer would be based on factors such as customer profile, relationship and tenure of loan.