Small commercial vehicles are categorized as vehicles weighing less than five tonnes GVW. It is ideally suited for short-haul transportation and mainly used to fulfill last mile connectivity. Small commercial vehicles play an important part in the supply chain system as it performs the task of logistics link between Farm – Mandi – Processors – Supermarkets (For Agri Value chain) and Factory – Distributors – Retailers (For other finished goods).
Features
Customer Segment :
Captive user with and without ITRs
Prior vehicle ownership with repayment track record
Market load operators
Property based for first time user
Funding
Upto 90% funding
Repayment Tenure
Up to 48 months
Eligibility Criteria & Income Proof
- Business registration certificate/6 months bank statement with minimum of 30K outflows per month/TDS certificates
- Track record is surrogate proof
- Relevant driving license/RC copy of prior commercial vehicle in the name of applicant or co-applicant
- Agri land/commercial/residential property proof and relevant Driving License of driver
- Residence stability proof (Voter ID/Ration card/Driving License copy etc.)
Documents Required
- KYC Documents
- ITR
- Bank Statements
- Property Proof
- Relevant Driving License copy of driver
