Purchasing a certified pre-owned tractor or commercial truck significantly lowers capital expenditure for small business owners.

Key Lending Constraints:

• Vehicle Age Limit: The combined age of the vehicle plus the loan tenure should generally not exceed 10 to 12 years.
• Valuation Assessment: The sanctioned loan is capped at 70% to 80% of the bank valuer's physical inspection report.
• Valid Fitness & Pollution Certificates: Mandatory RTO fitness clearance and valid insurance at the time of disbursal.