COMMERCIAL VEHICLE LOAN
Commercial Vehicle Loans from Link For Loans offer a flexible and affordable financing solution for businesses that need to purchase or upgrade commercial vehicles. These loans can be used to finance a wide range of vehicles, including trucks, vans, buses, and construction equipment. With competitive interest rates, flexible repayment options, and minimal documentation, Link For Loans makes it easy for businesses to acquire the commercial vehicles they need to expand their operations and achieve their goals.
- Eligibility
Any individual / partnership firm / company with more than two years of business experience.
Existing owner of at least two commercial vehicles.
Captive customers and transporters.
- While loan is sanctioned for the purchase of a new commercial vehicle, the Bank also offers loans for used vehicles.
- The time for sanction of a loan is usually 3 – 4 days from submission of the complete documents. However, this may vary depending on the nature of the loan, the quantum of funding, etc.
- The loan depends on applicant’s requirement.
- Funding can be to the extent of 100% of the chassis value; body funding can only be extended on special requirement.
- GENERAL DOCUMENTS (APPLICABLE TO ALL)
1. Application form duly filled by the borrower, Co-borrowers (if applicable) and
submitted along with 2 photographs each.
2. Proof of identity (Photocopies of PAN/Passport/Driver’s License, Voter ID card)
3. Proof of Residence (photo copies of recent Telephone Bills/ Electricity
Bill/Property tax receipt/ Passport/ Voters ID card)
4. Statement of Bank account for last 12 months held by the applicant/s.
5. Personal asset liability statement in the Bank’s standard format. - VEHICLE DOCUMENTS
1. Original copy of proforma invoice (quotation).
2. Booking receipt. - TAKE OVER LOAN FROM OTHER BANK
1. Original Sanction letter of financer.
2. A/c statement of the financer.
3. RC Book, Insurance Copy.
4. Foreclosure letter.
5. List of documents held by the financing institute.
6. Letter undertaking to issue NOC, from the current lender bank/FI.
- FOR SELF EMPLOYED/PROFESSIONALS/BUSINESSMEN
1. Photocopies of IT Returns/Assessment orders for the last 3 years.
2. Balance sheet and Profit and Loss A/c for the last three years (Certified true
copy)
3. Proof of business address.
4. Business proof (Registration Certificate of establishment, Gumasta /Trade
license, Sales Tax Registration,etc.)
5. A photocopy of Certificate of Practice (if applicable).
6. TDS Certificate (Form 16A, if applicable) - FOR SALARIED EMPLOYEES
1. Latest Salary slip.
2. Copy of identity card issued by the employer.
3. Form16 or IT Returns for the last 2 years.
4. Irrevocable Letter of Authority addressed to disbursing authority
5. Irrevocable Letter of Authority from the person authorized to disbursed salary and
allowances
- FOR AGRICULTURISTS AND PERSONS ENGAGED IN ALLIED ACTIVITIES
1. Documents showing Land Holding
2. Documents showing Cropping Pattern
3. Interview Form
To ensure quick processing and disbursal of your Auto Loan,
furnish all documents (applicable to your case) along with the
completed SBI Auto Loan Application Form. - FOR NRI’s AND PIO’s
For Borrower:
1. 2 passport size photographs of borrower.
2. Signature identification from bankers of borrower.
3. A copy of passport /voters ID card/PAN card. - For Gurantor:
1. Copy of passport including page containing visa stamping.
2. Copy of valid work permit/ work contract and Appointment letter.
3. Copy of identity card issued by the employer.
4. Statement of overseas bank account for the last six months which reflects credit
of salary, savings etc
5. Salary slips for the last three month or Tax Returns(if applicable)
6. Copy of Continuous Discharge Certificate in respect of applicants employed in
Merchant Navy.
7. Power of Attorney, if applicable, in Bank’s standard format duly stamped and
notarized/attested by Indian Embassy/Consulate.
New Commercial Vehicle Loan
"Drive your business forward with our New Commercial Vehicle Loan."
New Commercial Vehicle Loan from Link For Loans offers a flexible and affordable financing solution for businesses looking to purchase new commercial vehicles. This loan is specifically designed to cater to the needs of businesses in various industries, including transportation, logistics, and construction.
Key Features of New Commercial Vehicle Loan
- Competitive Interest Rates: Enjoy competitive interest rates tailored to your business's specific requirements.
- Flexible Repayment Options: Choose a repayment plan that aligns with your cash flow and financial goals.
- Quick Disbursement: Access funds promptly to acquire your new commercial vehicle.
- Tailored Loan Solutions: Our experienced team can provide personalized loan solutions to meet your unique business needs.
Used Commercial Vehicle Loan
"Upgrade your fleet with our Used Commercial Vehicle Loan."
Used Commercial Vehicle Loan from Link For Loans offers a flexible and affordable financing option for businesses looking to purchase used commercial vehicles. This loan is ideal for businesses seeking to acquire reliable vehicles at a lower cost compared to new models.
Key Features of Used Commercial Vehicle Loan
- Competitive Interest Rates: Benefit from competitive interest rates tailored to your business's specific requirements.
- Flexible Repayment Options: Choose a repayment plan that aligns with your cash flow and financial goals.
- Minimal Documentation: The application process is streamlined, requiring minimal documentation.
- Quick Disbursement: Access funds promptly to acquire your used commercial vehicle.
- Tailored Loan Solutions: Our experienced team can provide personalized loan solutions to meet your unique business needs.
Commercial Vehicle Refinance
"Refinance your commercial vehicle loan and drive your business forward."
Commercial Vehicle Refinance from Link For Loans offers a flexible and cost-effective solution for businesses looking to restructure their existing commercial vehicle loans. This refinancing option allows businesses to potentially lower their interest rates, extend their loan terms, or consolidate multiple loans into a single payment.
Key Features of Commercial Vehicle Refinance
- Lower Interest Rates: Potentially reduce your monthly payments and save on interest costs.
- Extended Loan Terms: Gain more flexibility in your repayment schedule.
- Consolidation of Loans: Simplify your loan management by combining multiple loans into a single payment.
- Quick and Efficient Process: Our streamlined refinancing process ensures a hassle-free experience.
- Tailored Solutions: Our experts can help you find the best refinancing option to suit your business's specific needs.
Construction Equipment Loan
Build your business's future with our Construction Equipment Loan
Construction Equipment Loan from Link For Loans offers a flexible and affordable financing solution for businesses involved in construction and infrastructure projects. This loan is designed to help you acquire essential construction equipment, such as excavators, bulldozers, cranes, and backhoes.
Key Features of Construction Equipment Loan
- Competitive Interest Rates: Enjoy competitive interest rates tailored to your construction business's specific requirements.
- Flexible Repayment Options: Choose a repayment plan that aligns with your project's cash flow and financial goals.
- Minimal Documentation: The application process is streamlined, requiring minimal documentation.
- Quick Disbursement: Access funds promptly to acquire your construction equipment.
- Tailored Loan Solutions: Our experienced team can provide personalized loan solutions to meet your unique project needs.
