HDBFS Commercial Vehicle Loans: Eligibility | Documents

• Funding for bus, trucks, light commercial vehicles and small commercial vehicles
• Funding for used vehicles and top-up on existing vehicle loans
• Simple documentation and easy processing
• Flexible financial solutions to meet individual requirements
• Assistance on purchasing the vehicle

Eligibility and Documentation

Eligibility – We provide finance to a broad spectrum of customers, which includes:

• Large, medium and small-size fleet owners
• Asset in urban/semi-urban areas
• Individuals
• First time users
• Partnership firms and proprietorship firms.
• Private and public limited companies

Documentation –

• Duly filled and signed loan application form
• KYC (know your customer) documents – utility bills, photo id cards
• Driving license, in case of first time users
• Land holding proof, in case of farmers
• Financial statements for the last two years, complete with schedules and P&L account or documents to prove relevant experience, in case of FTU
• Income tax return (ITR) for the last two years
• Bank statements for the last six months
• Fleet list details
• Proprietorship declaration, partnership deed, memorandum/association of article (MOA/AOA), board resolution, as applicable