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

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