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accounts iconCommercial Vehicle Finance

Aspire to become vehicle owners after years of experience as a driver, with Commercial Vehicle Finance from Equitas.

Equitas Commercial Vehicle Finance helps you with:
Part-Preclosure of loans
Enabling you to close loans quicker which translates to lesser interest rate
Customer Friendly Repayment Procedure
In case of any difficulty during repayment, installment can be postponed to end of tenure without any additional charges
Insurance Premium Payment Rebate
Only Bank in the country to offer rebate for clients who choose to remit insurance premium amount to Equitas in monthly Installments

New Commercial Vehicle Loan

If you are buying your first truck or expanding your existing fleet, we provide financial assistance and tailored made solutions as per your need or requirement.

We at Equitas Small Finance Bank, offer New Commercial Vehicle loans at competitive rates for a wide range of vehicles including Small, Medium and Light Commercial Vehicles.

Equitas Small Finance Bank is the “Preferred Financier” across all major manufacturers in India and thousands of customers have trusted us for our expertise and perfectly suited loan solutions

  • Superior Turnaround Time
  • Hassle free documentation
  • Finance up to 100% on your New Commercial Vehicles
Product Features:
  • Financial assistance available up to 100% on New and Used Commercial Vehicles
  • Competitive rate of interest
  • Loan tenure up to 60 months
  • Moratorium up to 60 days
  • Hassle free documentation
  • Superior service and quick turnaround time
Why choose Equitas Small Finance Bank ?
  • Over 3 million satisfied customers
  • Branch network of 198 exclusive Vehicle Finance branches in 12 states & 2 union territories
  • Expertise in Used and New Commercial Vehicle Finance
  • Transparent processing of loans
Interest Rates
Commercial Vehicle
Type of Loan Effective ROI Reset
Fixed 16.00% - 30.00% No Reset
Light Commercial Vehicle
Type of Loan Effective ROI Reset
Fixed 11.00% - 18.00% No Reset


Type Charges
Processing Charges# 1% to 2%
Documentation charge Rs 1500 (inclusive of GST)
Overdue charges (ODC) RI*36/100/365* No of days
Cheque bounce charges (CBC) 500
Insurance Renewal penalty charges (IRP) 258
Pre closure charges Foreclosure payment amount*3 or 4%
Field visit charges 250
Repossession charges (paid to the repo vendor) Minimum Rs.3000/- to Maximum Rs.25000
Valuation charges (Paid to the valuator vendor) Rs. 500-750
Legal charges (paid to the vendor) Minimum Rs.250/- to Maximum Rs.30000
Parking Yard charges (Paid to the vendor) Rs.50/- Per day
Duplicate NOC 500
Stamp Duty At Actuals
Bank Swap charges Upto Rs.1000/-
EMI Due Date Change 24% on POS into No. of days Divided by 365
*Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)

# Processing fee would depend upon the loan amount, the nature of vehicle and other factors