Introduction to Commercial Vehicle Loans

In 2025, commercial vehicle loans empower businesses to acquire trucks, buses, and taxis for logistics, transport, and fleet expansion. Loanpao offers tailored financing solutions to fuel your business growth. Apply now to drive your operations forward.

Types of Commercial Vehicle Loans

Loan 1: Heavy Commercial Vehicle Loan

Finances trucks and heavy vehicles, up to ₹1 crore at 8–10% p.a.

Loan 2: Light Commercial Vehicle Loan

Supports light vehicles like delivery vans, up to ₹50 lakh at 8.5–10.5% p.a.

Loan 3: Public Transport Vehicle Loan

Funds buses and taxis, up to ₹75 lakh at 8–10% p.a.

Loan 4: Used Commercial Vehicle Loan

Finances pre-owned vehicles, up to ₹40 lakh at 9–11% p.a.

Loan 5: Electric Commercial Vehicle Loan

Supports eco-friendly vehicles, up to ₹60 lakh at 7.5–9.5% p.a. with incentives.

Comparison of Commercial Vehicle Loans

Key commercial vehicle loans in 2025:

Loan Type Loan Amount Interest Rate Tenure Key Feature
Heavy Commercial Vehicle Loan Up to ₹1 crore 8–10% p.a. 3–7 years Heavy vehicle financing
Light Commercial Vehicle Loan Up to ₹50 lakh 8.5–10.5% p.a. 3–5 years Light vehicle support
Public Transport Vehicle Loan Up to ₹75 lakh 8–10% p.a. 3–7 years Bus and taxi financing
Used Commercial Vehicle Loan Up to ₹40 lakh 9–11% p.a. 2–5 years Pre-owned vehicle support
Electric Commercial Vehicle Loan Up to ₹60 lakh 7.5–9.5% p.a. 3–7 years Eco-friendly incentives

Note: Rates, tenures, and eligibility vary by lender and vehicle type.

Benefits of Commercial Vehicle Loans

These loans offer:

  • Competitive interest rates (7.5–11% p.a.).
  • Government incentives for electric vehicles.
  • Flexible tenures (2–7 years).
  • Up to 90% financing on vehicle cost.
  • Support for new and used commercial vehicles.

Tips for Applying for Commercial Vehicle Loans

Maximize your approval chances:

  • Prepare Business Documents: Submit GST returns, ITR, and business registration.
  • Check Government Schemes: Explore subsidies for electric commercial vehicles.
  • Choose the Right Loan: Match loan type to vehicle needs (e.g., heavy vs. light).
  • Use EMI Calculators: Plan repayments with Loanpao’s EMI calculator.
  • Compare Lenders: Evaluate rates and terms from banks and NBFCs.

Frequently Asked Questions

Loans to finance vehicles like trucks, buses, and taxis for business use.

Yes, electric vehicle loans offer lower rates (7.5–9.5% p.a.) and government subsidies.

Yes, used commercial vehicle loans finance pre-owned vehicles up to ₹40 lakh.

Tenures range from 2–7 years, depending on the loan and lender.

Submit business documents, vehicle details, and KYC to banks or NBFCs via Loanpao.