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Whether big or small, get your commercial vehicle financed from – trucks, buses, tippers, and light commercial vehicles.
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Finance available for all Commercial Vehicles
Get financial help with all kinds of vehicles such as trucks, buses, tippers and other light commercial vehicles.
Working Capital
Our working capital loan will ensure that you meet all your business needs.
Extended Products
Get funding for new vehicles, finance on used vehicles, top up on existing loans as well as working capital loans to keep your business going.
Preferred Financier Status
ICICI Bank’s Preferred Financier status with all leading manufacturers makes the vehicle buying process easier.
Presence throughout India
With a presence in 400+ locations across India, getting a commercial loan is easy.
- Any individual/ partnership firm/ company with more than two years of business experience.
- Existing owner of at least two commercial vehicles.
- Captive customers and transporters
- Specific interest rate applicable to a customer would be based on factors such as customer profile, relationship and tenure of loan etc.
- Stamp duty charges shall be extra as applicable
- Additional documentation charges of Rs 350 applicable
- ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion
For more information, please visit the nearest ICICI Bank branch or call our Customer Care
The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan origination fee.
To calculate the same, please click here to download the APR calculator.
The loan depends on applicant's requirement
Funding can be to the extent of 100% of the chassis value; body funding can only be extended on special requirement
The tenure of the loan may vary from 12 to 60 months, depending upon the nature of the deal and the repayment capacity
Repayment can be made through post-dated cheques (PDCs) / ECS or through Auto-Debit (in the case of ICICI Bank account holders)
Prepayment of the loan is allowed, at a charge indicated on the ‘Service Charges’ page
In the event of an accident, you need to inform our local representative of it
While loan is sanctioned for the purchase of a new commercial vehicle, the Bank also offers loans for used vehicles
The time for sanction of a loan is usually 3 – 4 days from submission of the complete documents. However, this may vary depending on the nature of the loan, the quantum of funding, etc.
- The tenure of the loan may vary from 12 to 60 months, depending upon the nature of the deal and the repayment capacity
- Repayment can be made through post-dated cheques (PDCs) / ECS or through Auto-Debit (in the case of ICICI Bank account holders)
- Prepayment of the loan is allowed, at a charge indicated on the ‘Service Charges’ page
- In the event of an accident, you need to inform our local representative of it
Interest is charged on a flat rate based on the scheme applicable for the particular product.
Yes you can, your application will be considered based on the credit strength of your co-applicant Approval will be at the sole discretion of ICICI Bank Ltd.
- Prepayment of the loan is allowed, at a charge indicated on the ‘Service Charges’ page. Click here to navigate.
To avail a Commercial Vehicle Loan you will have to submit the following documents:
- Proof of Address e.g. Passport, Ration Card, Voters ID
- Proof of Experience in the relevant area
- Track Record of past loans if availed
- Bank Statement
- ITR in case of specific category of customers
- Additional documents like the Financial statements for the last two years
- Transportation Contracts to be submitted for higher quantum of funding.
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- WhatsApp Banking
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