InvestorQ : What are the type of CV loans available in the market?
Aswini Chikkodi made post

What are the type of CV loans available in the market?

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Anusha Savla answered.
3 years ago
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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

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