Best commercial vehicle loan interest rates

1. Best commercial vehicle loan interest rates What is a Commercial Vehicle Loan? A commercial auto loan is a type of financing you can buy a commercial vehicle for your business. It usually covers cars, vans and a variety of trucks. You'll likely need an equipment loan or commercial truck loan for a heavy-duty vehicle. Business owners always look for the best commercial vehicle loan interest rates. The repayment period for a commercial vehicle loan is generally five years and three years for Cash Credit. Commercial Vehicle Loans helps customers purchase vehicles like trucks, buses, tippers, light commercial vehicles. The loan repayment tenure varies from 12 to 60 months, depending upon the deal and nature of repayment capacity. The market interest rate for Commercial Vehicle Loans ranges from 12% to 26% per annum. Why Commercial Vehicle Loan? Fleet owners always want to increase their fleet size by purchasing more vehicles to support business growth. They may not have sufficient funds available. In such cases, commercial vehicle loans can help you obtain up to 100 per cent financing to purchase the additional commercial vehicles and increase your fleet size. However, the best commercial vehicle loan interest rates matter to every fleet owner. Commercial Vehicle Loan is usually based on the asset's value and income eligibility. You can get 100% finance of the ex-showroom value of 90% of the vehicle's on-road price (the chassis) and up to 85% of the body. Although there is no upper limit of the loan amount, one can use it. Still, lenders are usually comfortable with a loan amount below Rs3 CRS on single disbursement with or without multiple vehicles. Commercial Vehicle Market Scenario: Best commercial vehicle loan interest rates matters to customers Post-COVID, It looks like the Indian economy has managed to offset the last two years negative growth. 2022 -23, the annual budget has given an 8.5% economic growth projection, and business is coming back to normalcy. It will necessitate positive growth in fleet management, logistics, and transportation sectors. As a result, we will see positive and fast growth in the commercial vehicle sales and financing segment. But the savvy Indian customers will look for the best commercial vehicle loan interest rates while making the purchase decision. Enter aagey.com - The new loan digital Aggregator in Commercial Vehicle loan Segment.

2. Aagey.com provides borrowers with single-window loan solutions where lenders are Private Banks, PSBs, Co-operative Banks, and NBFCs. The company makes the entire financial assistance process hassle-free and straightforward through an Automated Assessment Engine with personalized CV financial advice. The company works with 75+lenders and have attractive loan offers catering for the commercial vehicle market. You as a customer will have enough options which will facilitate the best commercial vehicle loan interest rates. If you are looking forward to a loan to add up the size of your commercial vehicle fleet, please log on to http://www.aagey.com/commercial-vehicle-loan/ to avail the best interest rates.