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Home
About Us
Board of Management
Board of Director
Financial Highlights
Personal Banking
Accounts
Janata Basic Account
Kids Savings Account
Normal Savings Account
Deposit
Term Deposit
Recurring Deposit
Loans
Education Loan.
Gold Loan/Overdraft
Housing
Housing Loan
Housing Top-Up Loan Scheme
Niwara Loans above Rs.70Lakh (Non-Priority)
Niwara Loans up to Rs.70Lakh (Non-Priority)
Personal
Group Loan
Janata Samruddhi
Janata Utsav Personal Loan
Secured Personal Loan
Unsecured Personal Loan
Loan/OD against Documents
Loan/OD against Fixed Deposit
Loan To Agricultural & Allied activities
Mortgage Loan (LAP)
Solar Energy
Travel Loan
Vehicle Loan
Second Hand (used) Vehicle Loan
Vehicle Loan (Personal Use)
Corporate Banking
Accounts
Current Account
Loans
Business Loan
Business Loan (Pharma/Med)
Business Loans to Jewellers
Janata Vyapar Yojana
CC/WCTL (Other Business)
CRE/Builders & Developers
Janata Industrial Loan CC/WCTL (MSME)
Lease Rent Discounting (LRD)
Loans To Professionals
New Loan Scheme for Educational Institutes
Term loan (Industrial/Commercial premises)
Vehicle Loan (Commercial Use)
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Payment Solutions
Digital Banking
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Standee & Sound Box
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Know More
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Home
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Vehicle Loan (Commercial Use)
Vehicle Loan
Fuel Your Business Growth: Drive with Our Commercial Vehicle Loans.!
Features
Purpose
Security
Eligibility
Interest Rate
Features
Facility
:
0% Collateral Security for Loan up to Rs.50Lakh.
Enjoy Lower Interest Rates on Electric Vehicle Loans.
Pre-Payment Charges:
2% of outstanding loan amount at the time of closure (If taken over)
Lowest in the industry
.
Repayment:
Max.72 Months for New Personal Use Vehicle.
Max.36 Months for second hand(used) Vehicle.
Purpose
Maximize efficiency and reliability in your operations with our tailored commercial vehicle financing options and expand your business potential.
Security
Hypothecation of Vehicle
: The vehicle being financed serves as collateral, with the bank holding a lien over it.
Additional Collateral
: Banks may request additional collateral, such as immovable property, if necessary.
Personal Guarantee
: A personal guarantee from the borrower or a third party may be required.
Eligibility
One Guarantor with good income and net worth and having owned residence place.
Applicant must be at least 21 years old and not older than 65 years at loan maturity.
Applicant must be an Indian citizen or a resident individual.
Applicant should be self-employed or a business owner with at least 2-3 years of experience.
KYC, bank statements, business registration, and vehicle-related documents required.
A minimum credit score of 650-700 is typically required.
Interest Rate
For New Vehicle:
Repayment term up to 6 years:
9.50%
P.A.
Repayment term up to 6 years:
8.50%
P.A.
Second Hand (Used) Vehicle:
Repayment term up to 3 years:
12.00%
P.A.
Important Links
Documentation Required
Loan Application Form
EMI Calculator
Service Charges
Apply Now