Introduction to Commercial Fleet Loans
In 2025, commercial fleet loans help businesses expand their operations by financing vehicles like trucks, buses, and delivery vans. Loanpao explores options to support logistics and transport growth.
Types of Commercial Fleet Loans
Heavy Vehicle Loans
Loans up to ₹1 crore at 8–12% p.a. for trucks and buses, secured by the vehicle.
Light Commercial Vehicle Loans
Loans up to ₹50 lakh at 9–13% p.a. for delivery vans and smaller fleets.
Leasing-Based Fleet Loans
Loans up to ₹75 lakh at 10–14% p.a., structured as lease agreements for tax benefits.
Comparison of Commercial Fleet Loan Options
Key financing options for commercial fleets in 2025:
| Loan Type | Loan Amount | Interest Rate | Tenure | Key Feature |
|---|---|---|---|---|
| Heavy Vehicle Loans | Up to ₹1 crore | 8–12% p.a. | 3–7 years | Secured by trucks/buses |
| Light Commercial Vehicle Loans | Up to ₹50 lakh | 9–13% p.a. | 2–5 years | For smaller fleets |
| Leasing-Based Fleet Loans | Up to ₹75 lakh | 10–14% p.a. | 1–5 years | Tax-efficient leasing |
Note: Rates and terms vary by lender and business profile.
Benefits of Commercial Fleet Loans
These loans offer:
- High loan amounts for large fleet purchases.
- Flexible tenures to match business cash flow.
- Tax benefits through leasing options.
- Support for logistics and transport expansion.
- Quick disbursal for urgent fleet needs.
Tips for Securing Commercial Fleet Loans
Improve your approval chances:
- Business Financials: Provide audited financials and revenue proof.
- Vehicle Details: Specify vehicle type and usage in the loan application.
- Collateral: Use vehicles as security for lower rates.
- Lender Comparison: Use Loanpao to compare banks and NBFCs.
- RBI Compliance: Ensure adherence to vehicle financing regulations.
Frequently Asked Questions
Loans to finance vehicles like trucks, buses, or vans for business operations.
Most are secured by the vehicles, though unsecured options may be available.
Disbursal can take 3–10 days, depending on documentation and lender.
Yes, light commercial vehicle loans are ideal for small businesses.
Loanpao connects you with lenders, offers EMI calculators, and guides on eligibility.