Commercial Vehicle Loan

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Features and Benefits

  • Access financing for various vehicles, including cars, two-wheelers, commercial vehicles, and tractors.

  • Benefit from up to 100% financing with flexible repayment tenures ranging from 12 to 84 months.

  • Experience a streamlined application process with minimal documentation requirements.

  • Avail loans at attractive interest rates and manage cash flow better.

  • Access specialised loan products, including options for new and used vehicles, balance transfers, and top-up loans.

  • Click here for the most important Terms & Conditions

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Frequently Asked Questions

The Tractor Loan from HDFC Bank supports agricultural businesses by offering up to 90% of the tractor’s cost with flexible repayment terms from 12 to 60 months. You benefit from competitive interest rates, hassle-free documentation, fast disbursal, insurance coverage, and loan options based on your income proof or repayment history.

The eligibility criteria for vehicle loans for business vary based on whether you are applying for a car loan, tractor loan, two-wheeler loan, or commercial vehicle finance.

You can apply for an HDFC Bank SME business vehicle financing online via NetBanking by logging in and selecting 'Vehicle Finance' under the 'Borrow' tab. Alternatively, visit your nearest HDFC Bank branch for assistance.

To apply for an HDFC Bank SME vehicle finance, you need a duly filled application form, passport-sized photos, identity proof (PAN, Aadhaar), address proof, business registration proof, bank statements, and income proof (ITR, audited financials).

The repayment term for vehicle finance services varies based on the type of loan you are applying for.

HDFC Bank's vehicle finance for SME terms includes compliance with RBI regulations, KYC verification, maintaining a minimum balance, and timely repayment. The bank may amend services with notice and close accounts for non-compliance. Charges, fees, and interest apply. Business facilitators may assist in financial services.