Banks and non-banking finance companies (NBFCs) help individuals finance the purchase of commercial vehicles. However, this purchase need not be a brand new purchase.

Depending on the financial situation of a farmer/businessman/woman or entrepreneur, lenders offer various loans to purchase a commercial vehicle. A few types of loans offered are:

  • Fresh/new loans
  • Used/refinance/re-purchase finance loans
  • Balance transfer loans
  • Top-up loans