Used Commercial Vehicle Loan
Our Star Product
A used commercial vehicle loan is currently the most popular product of LoanZen. We offer the added value of convenience to the customers by making the entire process of sourcing to disbursing as smooth and easy as possible. Our focus is to deliver a truly minimalist loan disbursement process. We offer our services to truck drivers and owners to purchase more trucks or avail of a top-up loan on the existing loan to support operational activities. Be it a loan of INR 1 lakh or INR 10 lakhs, the process remains exactly the same – Fast, efficient and hassle-free.
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What is the purpose of this Loan?
We provide loans for both Repurchase and Refinance. If the customer is intending to purchase a used commercial vehicle from a third party. That transaction is called repurchase. And availing loan to buy such vehicle is called Repurchase Loan. If the customer is intending to monetize the free asset, which is owned by the proposed borrower for his / her business needs (or) working capital needs. Then that loan is called Refinance Loan.
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Who is Eligible for this loan?
Commercial vehicle truck drivers aspiring to become owners with a driving experience of at-least 2 years. Or Small fleet owners, Small traders / manufacturers / Service providers who wish to avail loan for their captive purpose
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What are the documents required for this loan?
Please contact our sales support representative at +91 80 4970 7433 for the list of documents required and a quick check on eligibility.
