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  • Commercial Vehicles & Construction Equipment Loans
Home Business Loans Commercial Vehicles & Construction Equipment Loans Commercial Vehicle Loan

Commercial Vehicles & Construction Equipment Loans

We recently commenced providing commercial vehicle & construction equipment loans to 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 to 60 months and are offered at an interest rate ranging from 10% - 15% per annum.

 

 

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  • Fee and Charges
  • Eligibility
  • FAQs
  • Benefits

Phone: 1800 208 1788

Email : [email protected]

  1. Stamp duty charges shall be applicable.
  2. Processing Fee of 3500/- with applicable taxes.
  3. Additional Documentation charges of 1100/- with applicable taxes.
  4. Loan Cancellation charge of 3000/- with applicable taxes.
  5. USFBL reserves the rights to revise the rate of interest and processing fee and documentation charge from time to time, at its sole discretion
  1. Any individual, Proprietorship firm, Partnership firm, Private Ltd Company, Ltd Company, Society, Trust, HUF having minimum two years of experience can apply for the facility.
  2. Individual age norms: Minimum 20 years and Maximum 68 years at the time of maturity of loan
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?
  1. KYC
  2. Experience Proof for proposed asset or in relevant trade.
  3. Statement of loan track availed if required as per norms.
  4. ITR and Financials of last two years for specific category of customers.
  5. Contract copy.
  6. 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.
  1. Funding for all types of Commercial Vehicles and Construction & Mining Equipment.
  2. Flexible Tenure. Tenure may vary from 12 to 60 months, depending upon the deal structure and the repayment capacity.
  • Wish to Contact Us

    Phone: 1800 208 1788

    Email : [email protected]

  • Fee and Charges
    1. Stamp duty charges shall be applicable.
    2. Processing Fee of 3500/- with applicable taxes.
    3. Additional Documentation charges of 1100/- with applicable taxes.
    4. Loan Cancellation charge of 3000/- with applicable taxes.
    5. USFBL reserves the rights to revise the rate of interest and processing fee and documentation charge from time to time, at its sole discretion
  • Eligibility
    1. Any individual, Proprietorship firm, Partnership firm, Private Ltd Company, Ltd Company, Society, Trust, HUF having minimum two years of experience can apply for the facility.
    2. Individual age norms: Minimum 20 years and Maximum 68 years at the time of maturity of loan
  • FAQs
    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?
    1. KYC
    2. Experience Proof for proposed asset or in relevant trade.
    3. Statement of loan track availed if required as per norms.
    4. ITR and Financials of last two years for specific category of customers.
    5. Contract copy.
    6. 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.
  • Benefits
    1. Funding for all types of Commercial Vehicles and Construction & Mining Equipment.
    2. Flexible Tenure. Tenure may vary from 12 to 60 months, depending upon the deal structure and the repayment capacity.

 

 

Utkarsh Finance Bank

Complaint Form

I authorise Utkarsh Small Finance Bank Ltd. & its representatives to Call, SMS or Email me with reference to my complaint.

If the resolution you receive does not meet your expectations, you may communicate your concern further to our Nodal Officer at [email protected] If you are unsatisfied with the responses you receive after following the first two levels of the complaint mechanism, you may write further to Mr. Aravind Khandelwal, Principal Nodal Officer at [email protected] As per the Banking Ombudsman Scheme 2006, if your complaint is not resolved within one month from filing the complaint or if you are not satisfied with the reply, finally you can also write to Office of the Banking Ombudsman appointed by Reserve Bank of India.

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