Commercial Vehicle Loan

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Easy CV loans

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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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Know more about the card

Features

Types of loans

Choose from four types of loans for commercial vehicles:

  • New
  • Used/ refinance/ re-purchase finance
  • Balance transfer
  • Top-up loans

Types of vehicles

Get commercial vehicle finance on wide range of vehicles – ranging from 1.5-tonne to 49-tonne GVW (Gross Vehicle Weight):

Buses

  • Intracity
  • Intercity
  • School and college bus
  • Staff bus

Trucks

  • Small truck
  • Light truck
  • Medium truck
  • Heavy truck
  • Customised truck

Tankers

  • Milk tanker
  • Water tanker
  • Oil tanker
  • Chemical tanker
  • Petroleum tanker
  • Gas tanker

Tippers

Transit mixers

Tempos

Manufacturers

Purchase your commercial vehicle from some of the best Indian automobile companies, including:

  • Tata Motors
  • Eicher Motors
  • Volvo
  • Mahindra Navistar
  • MAN
  • AMW
  • Mahindra & Mahindra
  • Swaraj Mazda
  • Bajaj Tempo
  • Ashok Leyland

Processing

Enjoy simpler documentation and doorstep service

Benefit from our short turnaround time for loan approval and disbursal

Get complete clarity on loan process with no hidden charges

Receive updates on status of loan application at every stage

Rates and charges

Receive attractive interest rates and low charges on your commercial vehicle loan

Loan amount

Get financing for up to 100% of asset cost

Tenure

Opt for tenure of up to 40 months

EMIs

Customise EMI schedule to match your cash flow

Branches

Contact the following locations to know more about commercial vehicle finance:

Region/State Name Contact Number
AP Ramesh Babu Pasumarthi 9395153674
East Rajiv Kumar Sharma 9350013294
Karnataka Shridharmurthy Narayana Rao 9449055046
Kerala Anil Kuttappan 9388318005
North Rajiv Kumar Sharma 9350013294
Tamil Nadu Saibabu Rao 9885559177
Telangana Srinivas Soosairaj 9849981144
Telangana Bhasker Reddy M 9391174316
West Vijay Prasad 9377333616

Apply for Working Capital Loan with HDFC Bank

Card Management & Controls

Fees & Charges

Description of charges Commercial Vehicles Finance
EMI Return charges* Rs. 550/- per instance
Part Prepayment charges / Premature closure charges* 4 % of POS (Principle Outstanding) for pre-closures within 1 year from 1st EMI
  2% of POS (Principle Outstanding) for pre-closures after 1 year from 1st EMI
  For borrowers classified as Micro and Small Enterprises (MSE):
  1. Prepayment of fixed rate loans upto ₹ 50 lacs is permitted without levying any prepayment penalty.
  2. Prepayment of Floating Rate Loans / Takeover Loans is permitted without levying any prepayment penalty.
Cheque/ECS Swap Charges Rs. 500/- per transaction
Duplicate Amortisation Schedule Charges Rs. 200/- per schedule
Loan Re-schedulement/Rebooking Charges ₹1000/-
Duplicate/Special NOC Charges Rs. 500/- per instance
CIBIL Report Charges(on request) Rs. 50/- per request
Stamp Duty At actuals
Processing fees (Non-Refundable)* New/Used Loans: up to 1.50% of the Loan Amount
Valuation charges* Rs. 900/- per asset
Asset verification charges At Actuals
Legal/Collection/Repossession and Incidental chargesIncidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer. At Actuals
Loan Cancellation In the event of cancellation of loan, interest charges from disbursement date till refund of disbursement amount will be borne by the customer. Processing Fee, Stamp Duty are non-refundable charges and would not be waived/refunded in case of loan cancellation.
Registration Certificate (RC) / Collateral Documentation Collection Charges* Rs. 500/- (per case)
Pre-Installment Interest Interest from Disbursement Date to First Installment Interest Start Date
(Deducted Upfront from Disbursement Amount on Disbursement Date)
Solvency Certificate Up to 1% of the solvency certification value
CERSAI Charges At actuals
Service/Documentation charges# Upto 1.50% of the loan amount

Average Rates offered to customer during the period of Jul to Sep 2025

Bank IRR    
Min IRR Max IRR Avg IRR
7.81% 18.20% 10.01%

Average Annual Percentage Rate offered to customer during the period of Jul to Sep 2025

APR    
Min APR Max APR Avg APR
7.81% 18.51% 10.11%

* Exclusive of GST

Note: * Wherever notified GST and other government levies, as applicable, would be charged additionally at the applicable rates.

Apply for Working Capital Loan with HDFC Bank

If you pay your EMI after the due date, interest will be charged on unpaid EMI for the number of days you are late. This interest is calculated at your loan’s contracted rate and will be added to your next EMI.

Example:

  • EMI Due Date: 10th
  • Payment Made On: 25th
  • Delay: 15 days
  • Impact: Interest for these 15 days will be added to your next EMI.

Please pay on time to avoid such impact.

Revolving Credit

Terms & Conditions

Revolving Credit

Frequently Asked Questions