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> Home > Personal Banking > Commercial Loans

Commercial vehicle loan Taking your business places now becomes simpler with our commercial vehicle loans. We help you raise money for used and new commercial vehicles the quick and easy way.     Eligibility Procedure Fees & Charges More Info Apply Eligible borrower categories Individual Proprietorship firm Partnership firm HUF Public / pvt ltd company Trust (only pvt trust) / society Your eligibility depends on the vehicle to be purchased / hypothecated for working capital requirements. You can avail up to 100% of the discounted value of new vehicle chassis to be purchased(depending on type of vehicle),90% of a fully built vehicle (depending on type of vehicle) and upto 85% of valuation amount for used vehicle*. *Terms & conditions apply   Submission of complete application form. Submission of KYC and income documents as mentioned above, field verifications and CIBIL report. Personal discussion with a bank official Proforma invoice from dealer / manufacturer for new commercial vehicle loans and valuation report for used commercial vehicle loans Collection of pre-sanction documents Credit approval If approved by credit , collection of post sanction documents Loan disbursement Please click here for documents required Please click here for application form Please click here for Most Important Terms and Conditions Sr No Charges COMMERCIAL VEHICLE 1 Processing fees HCV - Rs 5000/-+ST,LCV - Rs 3500/-+ST,Mini CV - Rs 3000/- +ST 2 Non refundable fees NA 3 Part Prepayment Charges NA 4 Foreclosure charges 5% for 1st year,3% for 2nd year & thereon 5 Cheque Bounce Charges Rs 500/- + ST 6 Late Payment Charges 3% per month 7 Cheque swap charges Rs 500/- + ST 8 Loan Reschedulement charges Rs 5000/- +ST plus interest for the month plus late payment penalty charges plus other charges if applicable 9 Loan statement charges - Nil for 1 statement every half yearly Rs 500/- + ST 10 NOC issuance charges - Nil for 1st Nil for 1st issuance.Rs 500/- + ST 11 Document retrieval charges (per advice) Rs 500/- + ST 12 EMI cycle change Rs 500/- + ST 13 Foreclosure statement charges Rs 200/- + ST 14 Switch charges (Floating to fixed and vice versa only if the product is exists at the time of request and permitted by the bank) 3% + ST of loan outstanding 15 Loan Cancellation charges Rs. 3000 + Service Tax plus interest charges from disbursement date till cancellation request 16 **Customer Credit Information Report (Credit Bureau) (**Will be provided only where the customer has submitted an application for loan processing.) Individual customers - Rs 200, Non Individual Customers - Rs 750   Please click here to Apply	Construction equipment loan Now discover an effortless way to acquire construction equipment for your business with our loans. With support for used and new equipment, we offer construction equipment loans with simple documentation procedure and flexible tenures.     Eligibility Procedure Fees & Charges More Info Apply Eligible borrower categories Individual Proprietorship firm Partnership firm HUF Public / pvt ltd company Trust (only pvt trust) / society Min 21 years old and maximum 65 years old Your eligibility depends on the equipment to be purchased / hypothecated for working capital requirements. You can avail up to 90% of the discounted value of equipment to be purchased and upto 85% of valuation amount for used equipments*. *Terms & conditions apply.   Submission of complete application form. Submission of KYC and income documents as mentioned above, field verifications and CIBIL report. Personal discussion with a bank official Proforma invoice from dealer / manufacturer for new construction equipment loans and valuation report for used construction equipment loans Collection of pre-sanction documents Credit approval If approved by credit , collection of post sanction documents Loan disbursement Please click here for documents required Please click here for application form Please click here for Most Important Terms and Conditions Sr No Charges CONSTRUCTION EQUIPMENT 1 Processing fees 0.50% of Loan Amount + ST 2 Non refundable fees NA 3 Part Prepayment Charges NA 4 Foreclosure charges 5% for 1st year,3% for 2nd year & thereon 5 Cheque Bounce Charges Rs 500/- + ST 6 Late Payment Charges 3% per month 7 Cheque swap charges Rs 500/- + ST 8 Loan Reschedulement charges Rs 5000/- +ST plus interest for the month plus late payment penalty charges plus other charges if applicable 9 Loan statement charges - Nil for 1 statement every half yearly Rs 500/- + ST 10 NOC issuance charges - Nil for 1st Nil for 1st issuance.Rs 500/- + ST 11 Document retrieval charges (per advice) Rs 500/- + ST 12 EMI cycle change Rs 500/- + ST 13 Foreclosure statement charges Rs 200/- + ST 14 Switch charges (Floating to fixed and vice versa only if the product is exists at the time of request and permitted by the bank) 3% + ST of loan outstanding 15 Loan Cancellation charges Rs. 3000 + Service Tax plus interest charges from disbursement date till cancellation request 16 **Customer Credit Information Report (Credit Bureau) (**Will be provided only where the customer has submitted an application for loan processing.) Individual customers - Rs 200, Non Individual Customers - Rs 750   Please click here to Apply