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Muthoot Capital Services Ltd. (MCSL) offers comprehensive financing solutions for the full spectrum of commercial vehicles - from small/light and intermediate to medium/heavy trucks, buses, and specialized transport vehicles. Whether you're purchasing new or used vehicles, we deliver flexible, digital-first loan options tailored to support businesses of all sizes. Our Commercial Vehicles loans are crafted to empower entrepreneurs—helping them "own the wheels that work hard to build wealth.
Help Individual or Businesses to buy pre-owned commercial vehicles.
Allows Individual or Businesses to buy New commercial vehicles.
Transferring the outstanding loan amount from one lender to another.
Additional loan amount provided by a lender over and above an existing loan.
A loan against a CV where your vehicle serve as a collateral.
Use our EMI calculator to know your monthly installment. Select the loan amount, the applicable rate of interest, and tenure. In an instant, you will get the details of the installment, and the total amount payable. It is a free tool which is easy to use and is designed to help you make informed decisions.
Used Commercial Vehicle Loan, New Commercial Vehicle Loan, Balance Transfer, Refinance & Top-Up Loan to existing customers
Get loans for new commercial vehicles and used commercial vehicles up to 15 years old.
Our Asset Valuer provides swift valuation reports for used vehicles/equipment. You can obtain quick loan sanctions through our Digital approval system.
We provide up to 60 months tenure. Maximum EOT up to 15 Years, based on the asset class.
Credit protect and Motor Insurance is available, Optional finance facility is also available.
Make the most of our personalised financing options with competitive rates that fit your unique needs. Our monthly reducing interest rates guarantee affordability and convenience.
We provide competitive rate of Interest and No hidden charges.
We are also associated with used vehicle dealers as well as a panel of valuers and RTO agents to speed up the purchase of pre-owned vehicles or fulfil any refinance needs.
Meeting the requirements for a Commercial Vehicle Loan is pretty straightforward if you check off these boxes:
Make the loan process easier by having all these core documents prepared.
Aadhaar Card, Passport, Voter ID or Driving License
Aadhaar Card, Passport, Voter ID or Driving License
Audited Financials, GST Returns or ITR
Title Deed, LTR, BTR, PTR or E-Bill
Get all your questions answered about Muthoot Commercial Vehicle Loan
Commercial Vehicle Loan is meant to aid businesses and individuals/ non-individuals in purchasing new/pre-owned commercial vehicles. It enables the buyer to finance the acquisition and repay the loan over time without disrupting his working capital.
Commercial vehicle loans are availed of by eligible business enterprises, other than the ones already mentioned to be self-employed. ✔️ Self-employed individuals ✔️ Fleet owners ✔️ Transport operators ✔️Individuals, companies (Partnership firms, Proprietorship, LLP, Private limited Companies, Society, Public Trust). In principle, applicants should be within a certain age or below a maximum age mark, as well as have a definite level of income and business stability.
The loan tenure typically falls in the range of 12- 60 months depending on both the lender’s terms and conditions and the borrower’s financial capabilities. The interest rate will be determined subject to factors such as the loan amount, age of vehicle, profile of the applicant and credit history.
You can use our Muthoot Fincorp one app, NACH, UPI, Net Banking and Debit card as comfortable. Instalments can be paid as cash through Muthoot Fincorp Branches also. https://branches.muthootfincorp.com/