Used Commercial Vehicle Loans

Apply Now EMI Calculator

Used Commercial Vehicle Loans

Used Commercial Vehicle Loans

- Purchase of Used Commercial Vehicle

- Loan Against Used Commercial Vehicle

Transform your commercial operations with our tailored financing solutions for used commercial vehicles. Whether you're purchasing a pre-owned vehicle or seeking a loan against your existing one, we offer flexible terms and competitive rates to meet your needs. Our goal is to support your business growth by ensuring you have reliable transportation solutions that drive efficiency and success. Unlock the potential of your commercial fleet with our specialized loan options.

Used Commercial Vehicle Loan Offers

Flexible EMI Options

Flexible EMI Options

Enjoy customized EMI plans tailored to your income, making repayments more manageable and convenient.

Loan Approval in 24 Hours

Loan Approval in 24 Hours

Experience fast-track loan approvals with our streamlined process, getting you the funds you need without unnecessary delays.

Paperless Approval

Paperless Approval

Simplify your application with our easy approval process, making it quick and hassle-free.

Eligibility Criteria

Customer Profile

1. With Prior experience of deployment of Commercial Vehicle with or without ownership of the asset

2. Age: 21 years-55 years

Age of Vehicle

Age of Vehicle

1. SCV: 10 years at the time of Finance and 12 years at the time of loan maturity.

2. SCV (M&M Pickup models and Bolero Maxi Truck) / LCV/ICV/MHCV/HCV: 12 years at the time of Finance and 15 years at the time of loan maturity.

KYC Compliance

KYC Compliance

KYC Information of the Applicant, Co-Applicant and Guarantors, as applicable

For Customer
For Partner

How to Apply?

You can start your application and resume it at a later instance.

Follow these steps to apply:

How to Apply?

Quick, Easy, and Hassle-Free Journey for Your Customers.

Follow these steps to apply:

EMI Calculator

Calculate your Loan EMI in 3 easy steps.

Loan Amount ₹ 1L ₹ 25L

Rate of interest (p.a) Min 8% Max 30%

Tenure (Months) 12 60

Interest Amount

₹

₹ 3,01,577

Monthly EMI

₹

5451.46

Principal Amount:

₹ 621,000

Total Amount:

₹ 653,417.53

IRR Calculator

Simplify your financial analysis with our easy-to-use IRR calculator

Our Products

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Used Commercial Vehicle Loans FAQs

1. What is IFFCO Kisan Finance Used Commercial Vehicle loan?

IFFCO Kisan Finance Used Commercial Vehicle Loan is a loan facility to Purchase a Used Commercial Vehicle or to Refinance an existing Commercial Vehicle

Loan for purchase of a UCV or loan on a self owned UCV - SCV, LCV, ICV and HCV
2. What is the type or segment of Used Commercial Vehicles financed by IFFCO Kisan Finance?

IFFCO Kisan Finance Offers loan facility for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Intermediate Commercial Vehicles (ICV) and Heavy Commercial Vehicles (HCV).
3. How can I apply for a used commercial vehicle loan?

Applying for a Used Commercial Vehicle Loan with IFFCO Kisan Finance is quick and hassle-free. Simply click on the Apply Now button to start your application and secure the funding you need with ease.
4. Who can get a Used Commercial Vehicles loan from IFFCO Kisan Finance?

IFFCO Kisan Finance Used Commercial Vehicle loan offering is flexible to cover customers who are First Time Users, First Time Buyers, Market Linkage Operators, Captive Users, Business Users, Service Providers, Retail Operators, SMEs, Users of last and mid mile logistics, etc.
5. What is the age criteria for availing a Used Commercial Vehicle loan from IFFCO Kisan Finance?

Applicant shall be minimum 21 years at the time of availing the loan and shall not be more than 60 years at the end of the loan tenure.
6. What is the tenure of used commercial vehicle loan?

The loan tenure for the used commercial vehicle varies based on the applicant's profile and the vehicle's condition. IFFCO Kisan Finance offers flexible repayment periods extending up to 5 years tailored to your financial situation, ensuring manageable and convenient EMIs.
7. What is the age of the Commercial Vehicle on which I can get a loan from IFFCO Kisan finance?

Small Commercial Vehicles (SCV) except M&M Pickups and Bolero Maxi Trucks (BMT) shall not be more than 10 years at the time of Finance and more than 12 years at the time of loan tenure maturity.

Light Commercial Vehicles (LCV), Intermediate Commercial Vehicles (ICV) and Heavy Commercial Vehicles (HCV) and Small Commercial Vehicles (SCV) ONLY M&M Pickups and Bolero Maxi Trucks (BMT) shall not be more than 12 years at the time of Finance and more than 15 years at the time of loan tenure maturity.
8. Can I transfer my existing commercial vehicle loan to your company?

Yes, transferring your existing commercial vehicle loan to IFFCO Kisan Finance is possible. We offer competitive terms and a hassle-free Balance Transfer process to make your experience seamless. To transfer your existing commercial vehicle loan to IFFCO Kisan Finance, simply click on the Apply Now button and complete the easy application process.

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