Used Commercial Goods Vehicle Finance
Shriram Used Commercial Goods Vehicle Finance: Overview
Shriram Used Commercial Goods Vehicle Finance is designed to help businesses purchase pre-owned commercial goods vehicles with ease and confidence. The benefits of Shriram Used Commercial Goods Vehicle Finance include access to up to 90%* financing on the vehicle’s value, flexible repayment tenures of up to 84 months, and quick loan approvals with minimal documentation.
The application process is straightforward, requiring minimal documentation, and approvals are processed quickly to ensure timely disbursal. With Shriram Finance, you can invest in quality used vehicles that meet your business needs and budget.
Shriram Used Commercial Goods Vehicle Finance Interest Rates & Charges
Shriram Used Commercial Goods Vehicle Finance offers a loanable amount of up to 90%* of the used vehicle's value with competitive interest rates starting at 10%* per annum. Shriram Finance maintains transparency by clearly communicating processing fees and other charges upfront, as per our Interest Rate Policy. Additional costs may include late payment fees and overdue interest.
Who is Eligible for Used Commercial Goods Vehicle Finance?
Registered businesses with valid PAN and GST documentation
Transport businesses with at least 1-2 years of operational history
Self-employed individuals, proprietorships, partnerships, and private limited companies.svg)
Applicants demonstrating stable income and sound repayment capacity
Frequently Asked Questions
What documents are required for Commercial Goods Vehicle Finance?
You will need to submit business registration documents (e.g., GST certificate), identity proof (passport, driver’s licence), address proof (utility bill, bank statement), income proof (bank statements, tax returns), vehicle registration papers, and income tax returns of the last two years.
What is the minimum and maximum loan amount for Commercial Goods Vehicle Finance?
Loans can cover up to 90%* of the pre-owned vehicle’s value. The exact amount depends on the used vehicle’s price and your eligibility.
What is the repayment tenure for Shriram Commercial Goods Vehicle Loan?
Repayment tenures are flexible and can extend up to 84 months, allowing you to select a plan that aligns with your cash flow.
What is the processing fee for Shriram Commercial Goods Vehicle Finance?
A processing fee of up to 5%* of the loan amount is applicable for Shriram Used Commercial Goods Vehicle Finance. Please refer to our official website for the latest details about the interest rates and charges.
What is the repayment tenure for Shriram Used Commercial Goods Vehicle (CGV) Loan?
You can select a repayment tenure of up to 84 months, allowing for affordable Equated Monthly Instalments (EMIs) spread over an extended period.