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Commercial Vehicle and Construction Equipment Loan Finance

Mahindra Finance offers economical solutions for Commercial Vehicle and Construction Equipment financing. Benefit from competitive interest rates and flexible repayment options for new and used vehicles and equipment from major manufacturers. Our specialised branches cater to working individuals, including truckers, milkmen, shopkeepers, contractors, and more, making the loan application process simple and accessible. Find us conveniently located at Transport Nagars.

Commercial Vehicle and Construction Equipment Loan Features and Benefits

Versatile Loan Options

Get loans for new commercial vehicles and used commercial vehicles up to 15 years old and used Construction Equipment up to 10 years old.

Tenure Flexibility

We provide up to 60 months tenure for new vehicles/equipment and up to 36 months tenure for used vehicles/equipment, based on the asset class.

Affordable Repayment Options

Make the most of our personalised financing options with competitive rates that fit your unique needs. Our monthly reducing interest rates guarantee affordability and convenience.

Special Promotions

Take advantage of our exclusive tie-ups with top manufacturers and dealers and grab unbeatable deals on your vehicle/equipment purchase.

Fast Processing

Our Asset Valuer provides swift valuation reports for used vehicles/equipment. You can obtain quick loan sanctions, subject to document submissions.

Commercial Vehicle Loan EMI Calculator

Calculating your Commercial Vehicle Loan EMI has never been easier. Use our Commercial Vehicle Loan EMI Calculator to input your desired amount, interest rate and tenure, and view an instant summary of your EMI amounts. You can also simply adjust the amount and tenure to see how it affects your EMI repayments. Get on the road faster with our Commercial Vehicle Loan EMI Calculator.

Select Your Loan Type

1L 1Cr
6% 26%
12 60
Total Amount Payable

  • Principal Amount

  • Total Amount

Monthly EMI

How to Apply for a Commercial Vehicle Loan and Construction Equipment Loan

The Loan application process is easy and gives you a quick turnaround. The loan application can be made both online and offline which means you can either visit the nearest branch or opt for our quick 4-step online process.

Step 1: Fill in your contact details

Start the process by simply submitting your Name, Number and Pin Code.

Step 2: Get a Call Back

Our executive will contact you for additional details.

Step 3: Document Verification & Approval

Submit the requested documents for eligibility check and verification

Step 4: Successful Disbursal

Once verified and approved, your funds will be sanctioned and disbursed.

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Commercial Vehicle Loan Eligibility & Documents

We provide financing for new Commercial Vehicles and Construction Equipment to individuals, partnership firms, and public/private limited companies. For used Commercial Vehicles and Construction Equipment, we offer funding to individuals and partnership firms, including first-time users and transporters.

KYC Documents

Proof of Income, Address and Identity

Bank Statements and additional documents may be required based on the Borrower’s profile

Disclaimer: MMFSL reserves the right to approve/disapprove the loan after the submission of documents.

Interest and Charges

Attractive Interest Rates based on your eligibility*

Interest Rates

Charged based on product-specific, document, and stamp fees based on the prevailing rates set by the statutory authority and the location of the contract execution.


Blogs about Commercial Vehicle and Construction Equipment Loans

Stay up-to-date with the latest financial trends and expert insights on Commercial Vehicle Loans and Construction Equipment Loans with our blogs.

Frequently Asked Questions (FAQs)

Get all the answers to your top Tractor Loan FAQs

Do you provide commercial vehicle finance and construction equipment finance?

Yes, we provide loans on commercial vehicles and construction equipment of all major manufacturers.

Do you finance the body construction as well?

The finance for body construction is extended for certain customer profiles as defined by product policy.

What is the maximum amount of finance given?

The maximum amount of finance depends on the customer profile and the product.

Do you quote on a flat rate basis or on a diminishing balance basis?

We work on a monthly reducing interest rates.

Are there any additional service charges or document charges?

We levy product specific, document and stamp charges on actual basis as levied by the statutory authority and also depending on the place of execution of the contract.

How much time does loan sanctioning take?

Normally, the loan is sanctioned within few working days after all the required documents are submitted.

Will you give me a copy of the agreement duly filled in for my records?

Yes, a copy of the agreement will be provided to the applicant.

Do you always require a guarantee?

We require a guarantor or co-applicant depending on the profile of the customer and product.

Do you need any collateral security?

No collateral security required.

Do you have a tie-up with leading automobile manufacturers/dealers?

Yes, special promotions and tie-ups with several manufacturers/dealers will be running at various locations and at various points of time.

Can I change dealers at any point of time?

Yes, you can. However, it is always preferred to select the dealer who is nearer to your business or residential location for better after-sales service.

Can I make bulk part payments to reduce the finance amount and also have a revised repayment structure?

We accept bulk part payments. However, the excess amount will be parked in a suspense account and will not result in the reduction of the loan outstanding or reduction in IRR.

Can I pay the monthly instalments in any branch?

Yes, you can pay your EMIs in any of our branches.

Can I issue cheques drawn on banks where you do not have branches?

Yes. However, a charge will be levied for the collection of such cheques.

When will you send me the statement of accounts?

Statement of accounts would be sent after we receive a request from you.

What should I do in the case of an address change? Who should I intimate?

You can intimate the branch, which you normally deal with.

Is a third party insurance cover alone enough?

A comprehensive policy is mandatory as per the rules laid down by the concerned authority.

Is it necessary that the insurance must be done only through your agent? Can I take the responsibility on my own?

We have in-house Mahindra Insurance Broker Limited which can take care of all your insurance needs and can give you the best deal.

How do I obtain commercial vehicle finance?

Our field executive would inform you about the documents & vehicle quotation required from your end and visit you at your residence/office to collect the same and forward the same to our credit team for appraising. On approval of the loan, our field executive will visit you to have the loan agreement & PDC/ACH signed, post the same, we will release the Delivery Order to the concerned dealer.

Start or expand your business with our affordable Commercial Vehicle Loans!