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.

Wish to Contact Us
Fee and Charges
Eligibility
FAQs
Benefits

Phone: 1800 208 1788

Email : [email protected]

Stamp duty charges shall be applicable.
Processing Fee of 3500/- with applicable taxes.
Additional Documentation charges of 1100/- with applicable taxes.
Loan Cancellation charge of 3000/- with applicable taxes.
USFBL reserves the rights to revise the rate of interest and processing fee and documentation charge from time to time, at its sole discretion

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.
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?

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.

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.

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.

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?
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.
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.