Commercial Vehicle Loan
Commercial Vehicle Loan
Loans For The Purchase Of Commercial Cars Are Available To A Wide Variety Of Borrowers, Including Sole Proprietors, Trusts, Partnerships, Nonprofits, And For-Profit Businesses. Those Working In The Transportation Industry Can Benefit From These Loans. At UniBorrower, We Have Areas Set Out Specifically To Lend Money For Business Vehicles And Tools.
Commercial Vehicle Loan Requirements
- Commercial Vehicle Can Be Availed By Self-Employed Individuals, Self-Employed Professionals, Sole Proprietorships, Partnership Firms And Private Limited Companies (Including Closely-Held Public Limited Companies), With A Profitable Commercial Vehicle For The Past 3 Years
- Applicant’s Age Should Be Minimum 21 Years At The Time Of Application And Maximum 65 Years At Maturity
- Minimum 5 Years Of Experience Required In The Same Line Of Commercial Loan With At Least 3 Years Of Business Loan Establishment & Operation In The Same City. For Self-Employed Professionals, Minimum 4 Years Of Post-Qualification Experience Is Required.
- Minimum Commercial Loan Turnover Required Is & Rs.1 Crore And For Professional / Service Sector, Applicant’s Gross Receipts Should Be At Least 60 Lakhs.
- Applicant Must Own Either Residence Or Office In His Name Or Jointly With Family Members Or Resides In A Residence Owned By An Immediate Family Member.
Documents Required
- 2 Passport Photo
- PAN Card
- Aadhar Card
- Ownership Proof (Water / Electricity Bill)
- Latest 3 Years ITR With Financial Docs With Chartered Accountant Stamp
- Latest 1 Year GST Returns (GSTR 3B)
- GST Registration
- Udyam Certificate
- One Year Pdf Banking In Pdf Format (Current Account)
- DL
- Loan Statement
- Guarantor (KYC)
- Quotation Of Vehicle
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