5M+ Customers ⚡ Exclusive Offer

Grow Your Business
With New Commercial Vehicle Finance

Easy approval for trucks, buses, and commercial vehicles. Competitive rates and flexible tenure to boost your business.

Maximum Funding

Low down payment

Attractive Interest Rates

Designed for easy ownership

Minimal Documentation

Hassle-free process

Timely Disbursal

Seamless Loan Disbursement

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(4.7/5)

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Complete Loan Information

Everything you need to know about our vehicle financing

Features & Benefits

What makes our loans special

Finance new or used vehicles

Ideal for commercial use

Loan up to Rs. 40 lakh*

As per applicable eligibility norms

Tenure: 1-5 years

Flexible repayment options

Minimal documentation

Hassle-free process

Interest rates starts from 10.50%*

Interest rates subject to customer profile

Hassle-Free Disbursal

Easy access to funds

Eligibility Criteria

Check if you qualify

Age

25 – 55 years

Citizenship

Indian

Employment

Truck owners/ Fleet owners
Self-employed
Institutions

Loan Amount & Charges

Transparent pricing

Loan Amount Range

Minimum Loan

₹1 Lakh

Maximum Loan

₹40 Lakh*

* May vary depending on applicant profile and lender's discretion

Transparency of Charges

Cholamandalam offers commercial vehicle loans with complete transparency. All charges are disclosed upfront during the application process.

Loan Disbursal

The loan amount will be processed and disbursed after successful verification of your application.

Important Information

Disclaimer & APR details

About Cholamandalam

Cholamandalam Investment and Finance Company Limited is an NBFC authorised to provide vehicle loan services.

Corporate Head Office

Cholamandalam Investment & Finance Company Limited,
Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate,
Guindy, Chennai, Tamil Nadu 600032

Understanding APR

The APR (Annual Percentage Rate) of a commercial vehicle loan is the annualised cost of borrowing, which includes the interest rate as well as processing fees, documentation charges, and other fees charged during loan origination.

The APR is expressed in the form of a percentage, allowing applicants to compare loan schemes more transparently.

Interest rates for commercial vehicle loans start from 10.5%* based on customer profile and lender's discretion. The APR includes interest rates, processing fees, insurance premium and other charges, which are disclosed upfront during loan application.

APR Calculation Example

Loan Amount: Rs. 5,00,000

Interest Rate: 10.50% p.a.

Tenure: 5 years

Processing Fee (1.5%): Rs. 7,500

Total Borrowing Cost: Rs. 1,52,317

Final APR: 11.16%

Disclaimer: The above example is for illustration only. Actuals may vary.

Complete Loan Information

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