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Seize Opportunities on Wheels with our easy Used Commercial Vehicle Loans

  • Loans for up to 15-year-old assets
  • Quick Loan Approval
  • Minimal Documentation
  • Refinance Against Existing Vehicle

What is a Used Commercial Vehicle Loan?

Commercial vehicles play a vital role in enhancing business transportation efficiency, offering logistical flexibility and long-term cost benefits. If you’re in need of financing for a pre-owned commercial vehicle, our Used Commercial Vehicle Loan provides a hassle-free solution through a simplified process.

With our Used Commercial Vehicle Loans, you can even transfer your current loans and take advantage of reduced interest rates. Maximise the benefits of our service by refinancing your pre-owned commercial vehicles. Apply for our Used Commercial Vehicle Loan and simplify your work life.

What we are Offering

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Balance Transfer (Secured loan offering)

Save more by transferring your high-cost commercial vehicle loans to TVS Credit. Also, we provide affordable secured loans for your commercial vehicle with attractive benefits.

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Cross Sell Personal Loans (CSPL)

Along with consumer durable loans, get the best offers for personal loans. Avail of up to 7 lakhs without any additional documentation and collateral.

Key Features and Benefits of Used Commercial Vehicle Loans

The features of our Used Commercial Vehicle Loan allow you to enjoy a wide range of benefits.

Low-Interest Rate

Enjoy the optimum financial benefits with our affordable interest rate offers.

Loans for up to 15-year-old Assets

Finance your used commercial vehicle without worrying about the age of the asset.

Faster TAT with Minimum Documentation

Enjoy faster Turn Around Time (TAT) and minimal paperwork using our tab-based processing.

Quick Loan Approval

Skip the long queue. Get your loan approved instantly with our efficient loan processing.

Refinance Against Existing Vehicle

Choose a refinancing option with TVS Credit and make the most of our attractive features.

Charges on Used Commercial Vehicle Loans

Schedule of Charges Charges (inclusive of GST)
Processing Fee Upto 5%
Penal Charges 36% per annum on unpaid installment
Foreclosure charges a) Remaining loan tenure is <=12 months - 3% on principal outstanding
b) Remaining loan tenure is >12-<=24 months-4% on principal outstanding
c) Remaining loan tenure is >24 months - 5% on principal outstanding
Other charges
Cheque bounce charges Rs.650
Duplicate NDC/NOC charge Rs.500

Used Commercial Vehicle Loans EMI Calculator

Get an estimate of your EMI, processing fee and other essential information. Get the calculation done instantly with a used commercial vehicle loan EMI Calculator and make prudent decisions.

₹ 50000 ₹ 7,00,000
2% 35%
6 Months 60 Months
Monthly Loan EMI
Principal Amount
Total Interest Payable
Total Amount Payable

Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.

Eligibility Criteria for Used Commercial Vehicle Loan

Wondering if you meet all the requirements to opt for a loan? Check your eligibility and get a used commercial vehicle loan.

Documents Required for Used Commercial Vehicle Loan

Make sure you have all the mandatory documents before applying for a used commercial vehicle loan:

How to Apply for a Used Commercial Vehicle Loan

STEP 01

Select Your Vehicle

Choose the used commercial vehicle you want to avail of the loan for.

STEP 02

Get Approval

Upload the required documents and get your loan approved.

STEP 03

Loan Sanction

After approval, get your loan disbursed without any delay.

Are you an Existing Customer?

Welcome back! Submit the below-mentioned details and get a loan for a used commercial vehicle.

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Frequently Asked Questions

We can fund heavy vehicles up to 15 years old (asset age).

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