Financing commercial passenger cars, ride-share taxis (Uber/Ola), and intra-city logistics vans requires specialized commercial vehicle loan products.

Eligibility Requirements for Commercial Auto Loans

Commercial vehicle financiers evaluate vehicle revenue potential alongside applicant credit history:

• Commercial Driving License and badge (where applicable).
• Proof of business contracts or platform onboarding (fleet operators).
• Past 6 months bank statement showing healthy turnover.

Loan Terms & Down Payment

Commercial vehicle loans typically run for 3 to 5 years, with interest rates between 10% to 14%. Making at least 25% down payment protects cash flows during off-peak passenger seasons.