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With You, Always.

Commercial Vehicle Finance

  • Finance for vehicles ranging from a 1 tonne carrier to a 49 tonne trailer
  • Up to 100% finance for new vehicles,
  • Maximum Funding for used vehicles
  • Fast turnaround time
  • Attractive Interest Rate
  • Customised Financial Solutions
  • Simple documentation
  • Sundaram Credit Protect - Credit Life Cover

New Commercial Vehicles

  • Finance for all types of commercial vehicles- Small/Light/Intermediate/ Medium/ Heavy
  • Tailor-made repayment solutions to suit your cash flow
  • Tenure of up to 60 months
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How much finance can I avail?

Up to 100% funding on ex-showroom price.

In how many instalments should I repay the loan?

Our instalments range from 12-60 months. We also have a Flexible Monthly Instalment option of 5+2 years.

How soon will my loan be sanctioned?

Our approvals are instant, subject to satisfying credit norms.

What are the types of cars that you finance?

All makes and models of Indian and imported cars.

Do you arrange for test drive of the vehicle?

Yes. From test drive to delivery of the vehicle, you can rely on us.

Will you require a guarantor always?

No.

Do you insist that insurance has to be done only through your agent? Can I take responsibility for insurance on my own?

We do not insist on this, but please take care to arrange for comprehensive insurance and produce the policy copy with our hire purchase endorsement in time.

Do you offer finance on vehicle insurance as well?

Yes. We offer finance for fresh/renewal of insurance policies. The same will be recovered along with monthly instalments. Click here to know more (link to insurance finance page)

Can I pay my EMI online?

Yes. Pay EMI through:

Our App (UPI/Netbanking) Or Website (Quick Pay EMI or Customer Portal)

Documents Individuals Non - Individuals
Salaried Self Employed
Latest Passport size Photograph Y Y
KYC (know Your Customer) Documents - as per RBI norms Y Y Y
Bank Statements - Latest Six months Y Y Y
Income Proof*
Last 3 months Salary Slip / Form 16 Y
Income Tax returns of 2 previous financial years along with complete financial/audit report Y Y
Repayment Mode - NACH/Direct Debit/Full PDCs Y Y Y
Asset Proof (Any One)
House tax Challan
Patta copy Y Y
Copy of salary deed
Housing Co-op.Society bill
In Case of Used Vehicle Loan
Registration Certificate Copy
Insurance Copy Y Y Y
Valuation Copy
Other Documents :
Personal Guarantee from all Partners, Partners Authorisations Letter and Partnership Deed
Personal Guarantee from all Directors, Board Resulation and Memorandum & Articles of Assn. Y Y Y
Personal Guarantee from all Trustee, Society Members, Trust Deed / Byelaws and Resolution

Used Commercial Vehicles

Features

  • Finance for all types of used commercial vehicles- Small/light/Intermediate/ medium/ Heavy
  • Third party settlement support
  • Loan take-over facility
  • Refinance on free vehicles to support the working capital needs of operators
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How much finance can I avail?

We do up to 85% funding for used cars

In how many instalments should I repay the loan?

You can repay in a maximum of 48 instalments

What is the rate of interest for used car finance?

The rate starts from 12.5% p.a

How soon will my loan be sanctioned?

Our approvals are instant, subject to satisfying credit norms

What are the models that you finance for?

We offer finance for up to 7-year-old model cars, of specific makes/types Buttons to appear in all car finance related pages.

Check Eligibility : Check you eligibility fields and logic to be taken from Express loan module

Apply online : Apply online, the second step of eligibility check should work as seen in the Express loan module. Also a tie up with ghaddi.com or a similar site is recommended which allows choosing the car, calculating EMI and applying online

Calculate EMI : Calculate EMI in the current website may be used with enhanced look

Offers For Existing Customers

Refinance

Our valued customers can avail REFINANCE

  • On the same vehicle
  • At an interest rate lower than other personal loans in the market
  • For a convenient repayment period of 36 months
  • For any emergencies in the family

 

Top up loan

Top-up your existing loan in an absolutely hassle-free way!

  • Eligibility - completion of minimum 50% dues of the loan amount
  • Tenure upto 36 months or upto the date of last instalment of the parent contract, whichever is earlier.
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What should I do in case I wish to replace my PDCs?

Make the request to your nearest branch or click here (service request page)

What are the various payment options available?

Download the Sundaram Finance app and pay via UPI /Net banking. You may also pay through our customer portal and/or Quick Pay EMI facility in our website.

Can I remit the instalment in any branch?

Yes. You can remit your instalment in any of our branches. Click here to view list of our branches.

At what frequency do you send me periodical statement of account?

Statement of accounts/Principal interest statement are sent yearly once at free of cost. They can also be generated from our app/customer portal or by giving a missed call to xxxxxxxxxx from your registered mobile number.

What should I do in case of address change/ mobile number change?

Initiate the request by logging into our customer portal/app. You may also intimate the branch that you usually deal with.

What is the procedure, should I wish to foreclose my account?

Under the agreement, foreclosure is not contemplated within six months. Upon specific request we can agree for the same subject to payment of penalty amount as per the agreement.

Can I make bulk payments to reduce the finance quantum?

Yes, subject to terms and conditions.

What should I do when my contract tenure gets over?

On payment of the last instalment and any other dues as per the agreement, the termination papers including the RTO related papers will be issued.

What papers do I have to collect on termination?

The No-objection letter addressed to the RTO and insurance endorsement cancellation letter, if any.

View Other Products

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Diesel Finance

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Insurance Finance

100% funding on fresh insurance and renewals!