- SME
- Financing Your Business
- Commercial Vehicle Finance
Features
- Commercial Vehicle finance on entire range of vehicles starting from small 1.5 ton truck to heavy one to 49 tones GVW (Gross Vehicle Weight)
- Choose amongst 4 types of loans that suit your business requirements.
Benefits
- Finance up to 100 % for your commercial vehicles.
- Take advantage of some of the best interest rates along with a customized EMI repayment structure.
Contact Us
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What are the features of a Commercial Vehicle Loan?
There is no need to shop around anymore for commercial vehicle loan options for buses, tippers, transit mixers or any other heavy, light or small commercial vehicle that your business may require. Choose HDFC Bank's commercial vehicle loans to get the best terms and interest rates.
Types of Commercial Vehicles included in this loan :
- Buses
- Intracity
- Intercity
- School & College Bus
- Staff Bus
- Trucks
- Small Truck
- Light Truck
- Medium Truck
- Heavy Truck
- Customized Truck
- Tankers
- Milk Tanker
- Water Tanker
- Oil Tanker
- Chemical Tanker
- Petroleum Tanker
- Gas Tanker
- Tippers
- Transit mixers
- Tempos
You can choose to purchase your commercial vehicle from some of the best Indian automobile companies. We provide funding for entire range of commercial vehicles of Tata Motors, Eicher Motors , Volvo, Mahindra Navistar, MAN, AMW, Mahindra & Mahindra, Swaraj Mazda, Bajaj Tempo, Ashok Leyland, etc.
Types of loans offered for Commercial Vehicles:
- New
- Used/Refinance/Re-purchase finance
- Balance Transfer
- Top-Up loans
What are the benefits of a Commercial Vehicle Loan?
You can avail of the following benefits on our commercial vehicle finance:
- Finance Up to 100% of asset cost
- Up to 48 months tenure for loan
- Customized EMI structure to suit your business needs
- Simpler documentation and quick processing
What are the fees and charges?
| Description of charges | Commercial Vehicles Finance |
|---|---|
| Cheque bouncing charges | Rs. 450 |
| FC Charges | 4 % of POSPoint of Sale for preclosures with 1 year from 1st EMI |
| 2% of POSPoint of Sale for preclosures after 1 year from 1st EMI | |
| Stamp Duty | At actuals |
| Late Payment Penalty | 2% per month on unpaid EMI |
| Processing fees | New/Used Loans: up to 1.50% of the Loan Amount |
| Service Charges | Up to 1.5% of the Loan Amount |
| Valuation charges | Used Vehicles only - At actuals |
| Asset verification charges | At Actuals |
| Cheque Swaping charges | Rs. 500/- per swap |
| Rebooking charges | Rs. 2000/- |
| Loan Cancellation charges | Rs. 2000/- applicable from 1st May 2007. |
| Loan Reschedulement charges | 0.25% on the Amount paid towards principal loan |
| 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 |
| Transaction / Other Fees for Non PDC cases | up to Rs. 50/- per cheque leaf (Non Refundable) applicable from 29 Sep'08. |
| Duplicate/Special NOC | Rs. 500/- per request |
| CIBIL Charges (only on request) | Rs. 50/- per request |
Charges which are in nature of fees are inclusive of service tax.
Where can I get a loan for a Commercial Vehicle?
Here is a complete list of HDFC Bank branch locations where you can contact us to know more about our Commercial Vehicle Finance.
| State | Main location | Name | Contact Number |
|---|---|---|---|
| Andhra Pradesh | Chinnameeram | Suresh Battina | 9390873794 |
| Andhra Pradesh | Cuddapah | Chandrasekar Choduboyina | 9391771026 |
| Andhra Pradesh | Hyderabad | Anand Babu Manukonda | 9393021888 |
| Andhra Pradesh | Karimnagar | Murali Tanniru | 9396932817 |
| Andhra Pradesh | Khamman | Sateesh Babu Pusuluri | 9396932815 |
| Andhra Pradesh | Kodad | Raveendra Pudi | 9392919223 |
| Andhra Pradesh | Miriyalguda | Bonagiri Praveen Kumar | 9391258627 |
| Andhra Pradesh | Nandyal | Satyanarayana Rvn | 9393772164 |
| Andhra Pradesh | Nellore | Audireddy Koppolu | 9391679699 |
| Andhra Pradesh | Rajamundhry | Veera Venkata Naga Pillarisetti | 9391679699 |
| Andhra Pradesh | Tirupati | Ketha Sekhar | 9393765039 |
| Andhra Pradesh | Vijaywada | Thirumuru Subbarami | 9346210762 |
| Andhra Pradesh | Vizag | Rambabu Gantana | 9392638838 |
| Assam | Bongaigaon | Jyotirmay Thakuria | 9864123103 |
| Assam | Guwahati | Amit De | 9864507890 |
| Assam | Jorhat | Tulasi Prasad Padhee | 8011018858 |
| Assam | Tinsukia | Kinku Moni Kalita | 9435006790 |
| Bihar | Patna | Ranjeet Prasad Sinha | 9334043224 |
| Chattisgarh | Ambikapur | Hemant Kaushik | 7489171859 |
| Chattisgarh | Bilaspur | Akash Patel | 9329772131 |
| Chattisgarh | Durg | Sandeep Ram Singh | 7489191849 |
| Chattisgarh | Korba | Brajendra Dwivedi | 7489937405 |
| Chattisgarh | Raigarh | Vaibhav Gijare | 7489533021 |
| Chattisgarh | Raipur | Kamal Lochan Rao | 9329124281 |
| Delhi | Delhi | Sunil Kumar Singh | 9300444888 |
| Goa | Goa | Varesh Phadke | 9272810848 |
| Gujarat | Ahmedabad | Bhaumik Sheth | 9327239128 |
| Gujarat | Anand | Mukund Chauhan | 9377852262 |
| Gujarat | Baroda | Randhir Zala | 9327348087 |
| Gujarat | Bharuch | Bhargav Shah | 9377739224 |
| Gujarat | Gandhidham | Jose Fernandez | 9376912236 |
| Gujarat | Godhara | Divyeshkumar Bhatt | 9374169017 |
| Gujarat | Himmatnagar | Shreeyak Shah | 9374169018 |
| Gujarat | Junagadh | Ronak Baxi | 9374779501 |
| Gujarat | Porbandar | Rahul Bhatt | 9978927288 |
| Gujarat | Rajkot | Ketuman Teraiya | 9377843229 |
| Gujarat | Surat | Keyur Doctor | 9377954132 |
| Gujarat | Vapi | Nitin Jadhav | 9374528825 |
| Haryana | Hissar | Anup Thakur | 9315633782 |
| Haryana | Karnal | Manish Chandok | 9315441792 |
| Haryana | Rewari | Ankur Sharma | 9355873504 |
| Haryana | Rohtak | Dinesh Singh | 9355937111 |
| Haryana | Sonepat | Ravinder Kumar Bansal | 9354766487 |
| Haryana | Yamunanagar | Manish Sobti | 9357693877 |
| Himachal Pradesh | Mandi | Manoj Dhiman | 9318093314 |
| Himachal Pradesh | Shimla | Ashish Singh | 9318093312 |
| Jammu & Kashmir | Jammu | Ramesh Kumar | 9797535799 |
| Jammu & Kashmir | Srinagar | Syed S Hussain | 9205094191 |
| Jharkhand | Chas | Ranjeet Dubey | 9386806529 |
| Jharkhand | Dhanbad | Ramachandran Chandramoli | 9304821512 |
| Jharkhand | Jamshedpur | Anupam Kumar Jha | 9330038199 |
| Jharkhand | Ranchi | Rohit Soni | 9308273226 |
| Karnataka | Bangalore | Ramanjulu Actunala | 9342377458 |
| Karnataka | Davangere | Venkatesh S | 9379458859 |
| Karnataka | Gulbarga | Jaya Kumar Mopidevi | 9342403436 |
| Karnataka | Hospet | Mohammed Idris | 9379610480 |
| Karnataka | Hubli | Prasad Bheemrao Kulkarni | 9379463421 |
| Karnataka | Mangalore | Ashwin Kumar Ballal | 9341655947 |
| Karnataka | Mysore | Rangarajan Ramaswamy | 9379458864 |
| Karnataka | Shimoga | Prasad Sathyanarayana | 9379458865 |
| Kerala | Calicut | Ranjith Ram M | 9349037518 |
| Kerala | Cochin | Anil Kuttappan | 9388318005 |
| Kerala | Kottayam | Smithesh Sahadevan | 9349037501 |
| Kerala | Manjeri | Manoj Andemkattil | 9645171600 |
| Kerala | Trichur | Rajish Menakkah | 9388317090 |
| Kerala | Trivandrum | Rajesh Thulasidharan | 9388336472 |
| Madhya Pradesh | Bhopal | Prashant Chourey | 9300090977 |
| Madhya Pradesh | Gwalior | Nitin Pathak | 7489168950 |
| Madhya Pradesh | Indore | Mandeep Singh Gill | 9302166673 |
| Madhya Pradesh | Jabalpur | Swapnil Manekar | 9300661191 |
| Madhya Pradesh | Neemuch | Amitesh Pateriya | 7489228067 |
| Madhya Pradesh | Sagar | Neeraj Jain | 8815188340 |
| Madhya Pradesh | Satna | Brajnath Singh Bhadouria | 9229180001 |
| Madhya Pradesh | Singroli | Rakesh Ranjan | 9302353276 |
| Maharashtra | Ahmednagar | Datta Dadabhau Kumbhar | 9325891636 |
| Maharashtra | Akola | Deepak Patle | 9325709768 |
| Maharashtra | Aurangabad | Sachin Siraskar | 9326564467 |
| Maharashtra | Chandrapur | Santosh Sinha | 9372712082 |
| Maharashtra | Kolhapur | Uttam Patil | 9325379240 |
| Maharashtra | Mumbai | Sharad Sawant | 9323851586 |
| Maharashtra | Nagpur | Hemant Dey | 9372456299 |
| Maharashtra | Nanded | Komal Bachire | 9325891621 |
| Maharashtra | Nasik | Nitin Dhobale | 9325376307 |
| Maharashtra | Pune | Pramod Sonawane | 9325625618 |
| Maharashtra | Sholapur | Abhijit Umbare | 9922901351 |
| Maharashtra | Yavatmal | Omprakash Ramchandra Mishra | 9325707952 |
| Meghalaya | Shillong | Rupak Deka | 9856009551 |
| Orissa | Angul | Debi Das | 9338813226 |
| Orissa | Balasore | Sudhansu Nayak | 9437300180 |
| Orissa | Bhuvaneshwar | Parthasarathi Bid | 9338807657 |
| Orissa | Chandikhol | Bishnu Prasad Mangaraj | 9337227845 |
| Orissa | Cuttack | Sandeep Kumar Samal | 9337223406 |
| Orissa | Keonjhar | Sibasis Das | 9338813221 |
| Orissa | Rourkela | Sunil Kumar Dash | 9337223221 |
| Orissa | Sambalpur | Rabindra Nath Swain | 9337223224 |
| Punjab | Amritsar | Atul K Sharma | 9357299512 |
| Punjab | Bhatinda | Ritesh Sharma | 9357752564 |
| Punjab | Chandigarh | Anurag A Arora | 9357299337 |
| Punjab | Jalandhar | Sandeep Kumar Sumbria | 9316259908 |
| Punjab | Ludhiana | Munish Kumar Sharma | 9357692775 |
| Punjab | Moga | Chetan Singh Chauhan | 9316001751 |
| Punjab | Patiala | Harpreet Singh Sohanpal | 9357245447 |
| Punjab | Ropar | Gurvinder Singh | 9357689480 |
| Rajasthan | Ajmer | Anshul Mathur | 9352002000 |
| Rajasthan | Alwar | Shashank Holker | 9314659729 |
| Rajasthan | Barmer | Narotam Singh Jodha | 9314162017 |
| Rajasthan | Bhilwara | Gagan Pathak | 9314912587 |
| Rajasthan | Bikaner | Bhavnish Kumawat | 9352236981 |
| Rajasthan | Jaipur | Arvind R Sharma | 9351789153 |
| Rajasthan | Jodhpur | Pradeep Daniel | 9314106055 |
| Rajasthan | Kota | Deepak R Sharma | 9351775301 |
| Rajasthan | Shahpura | Sharwan Jitarwal | 9352572517 |
| Rajasthan | Sumerpur | Naresh Baghmar | 9309416790 |
| Rajasthan | Udaipur | Devender Kushwaha | 9352236982 |
| Tamil Nadu | Attur | Somasudaram C Mohanasudaram | 9393772159 |
| Tamil Nadu | Chennai | Sriram Sampath | 9345694916 |
| Tamil Nadu | Coimbatore | Kannan Randas | 9344837052 |
| Tamil Nadu | Dharmapuri | Devendran Muthusamy | 9344202017 |
| Tamil Nadu | Erode | Gopalakrishnan Ramasamy | 9345475115 |
| Tamil Nadu | Madurai | Subramanian Ranganathan | 9345766104 |
| Tamil Nadu | Mettur | Murugan Siddan | 9344342918 |
| Tamil Nadu | Namakkal | Suresh Rajaram | 9344663573 |
| Tamil Nadu | Pondicherry | Mathan Al | 9842056381 |
| Tamil Nadu | Salem | Pichairasu Murugaiah | 9345741582 |
| Tamil Nadu | Thanjavur | Murali Munusamy | 9345699060 |
| Tamil Nadu | Trichy | Karthick Chandramohan | 9345753836 |
| Tamil Nadu | Vellore | Saranathan Srinivasan | 9382290318 |
| Tripura | Agartala | Indra Saha | 9436168660 |
| Uttar Pradesh | Agra | Sandeep Pathak | 9358757671 |
| Uttar Pradesh | Allahabad | Faraz Ansari | 7499101409 |
| Uttar Pradesh | Bareilly | Mukul Saxena | 9319944958 |
| Uttar Pradesh | Gorakhpur | Virendra Pal Singh | 9336722979 |
| Uttar Pradesh | Kanpur | Mahitosh Srivastava | 9307022425 |
| Uttar Pradesh | Lucknow | Avijeet Bose | 9305520832 |
| Uttar Pradesh | Meerut | Vinay Singh | 9359943238 |
| Uttar Pradesh (Eastern) | Varanasi | Shishir S Srivastava | 7499987515 |
| Uttarakhand | Dehradhun | Avijeet Verma | 9359739260 |
| Uttarakhand | Haldwani | Mairaj Malik | 7520677011 |
| West Bengal | Burdwan | Soumendra Dutta | 9330101360 |
| West Bengal | Durgapur | Chandra Shekhar Ojha | 9332087697 |
| West Bengal | Kolkata | Subhankar Majumdar | 9339873163 |
| West Bengal | Siliguri | Ashim Dutta | 9331234157 |
For more details, write into us at Monisha Rajani
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