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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.

Why Commercial Vehicle Loan Eligibility Matters?

Commercial vehicle loan eligibility is a critical factor when applying for financing. Lenders evaluate your eligibility based on various factors, including your credit history and required documentation. To boost your chances of approval, consider the following:

  • CIBIL score: The individual must have a good CIBIL score, which is typically above 700.
  • Income: The individual must have an income of ₹10,000 per month.
  • Proof of identity: Gather essential identity and residency documents to establish your credibility.
Securing financing for your commercial vehicle is critical for your business. By understanding commercial vehicle loan EMIs and ensuring you meet eligibility requirements, you can increase your chances of approval and drive off in the vehicle you’ve always wanted. For more information and to calculate your Commercial Vehicle Loan EMI, visit Mahindra Finance Commercial Vehicle Loan EMI Calculator.

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