At Jassi Hire Purchase Limited, we offer convenient and hassle-free commercial vehicle loans tailored to your business needs. With competitive interest rates, we ensure swift approval and quick disbursal of funds for your vehicle purchase. Our streamlined application process requires minimal documentation, making it easy for you to keep your business moving. Trust us for personalized commercial vehicle loan solutions that support your business goals and financial growth.
A commercial vehicle loan is a financial product designed to help businesses purchase or refinance commercial vehicles, such as trucks, vans, or construction vehicles. It involves borrowing funds with the vehicle itself serving as collateral. Commercial vehicle loans typically have flexible repayment terms and can be used for both new and used commercial vehicles.
You can apply for a commercial vehicle loan through banks, credit unions, online lenders, or financial institutions that specialize in business and commercial vehicle financing.
nterest rates on commercial vehicle loans vary based on the lender, borrower profile, and prevailing market conditions, generally ranging from 6% to 14% annually. The rate may be fixed or variable depending on the loan type.
The tenure for a commercial vehicle loan typically ranges from 1 to 7 years, depending on the lender and loan amount. Longer tenures may result in lower monthly payments, while shorter tenures can lead to higher payments but less interest over the life of the loan.
To update your contact information for a commercial vehicle loan, contact your lender directly through their customer service or online portal. Ensure you provide any required documentation to confirm your new contact details.
customer@jassihpl.in
8000180256
