YES BANK offer loan for the purchase of Commercial Vehicles.

Features of Commercial Vehicles loan
Funding for trucks, buses, tippers, light and small commercial vehicles.
Preferred financier status with all leading manufacturers
Simple documentation processes
Loans up to 90% of the chassis price
Repayment tenure up to 48 months
Quick turnaround time
Flexible financing solutions to meet individual requirements:

Loan Amount
The loan amount depends on the applicant’s requirements and the Bank’s credit policy
Funding can be extended up to 90% of the chassis value. Body funding can be extended as a special requirement
Time required for loan sanctioning from submission of completed application form and other documents, is 3-4 days. This may vary depending on the nature of loan applied for, the loan amount, etc

Eligibility
Individuals/Partnership firms/Companies with more than two years business experience
Existing owner of at least two commercial vehicles
Captive customers and transporters

Document require for Commercial Vehicle Loans -
Two years income tax returns with computation of income, audited balance sheets and profit & loss account
List of owned vehicles along with the copies of RC books
Six months bank statement
Repayment records, if any:

Charges Description
Charges
Non Refundable Loan Processing Charges Rs.3000 per unit
Prepayment options Part prepayment of the loan is not allowed.
Prepayment charges Lower of the two amount given below
1) 4% of principal outstanding or
2) Interest outstanding for unexpired period of the loan.
Stamp duty Actuals
Charges for late payment (loans) 2% per month on the
outstanding installment
Cheque Swap Charges Rs 500/- per transaction
Cheque return charges Rs 400/- per return
Amortization schedule charges Rs 200/- per schedule
Statement of account charges Rs 200/- per statement
Prepayment Statement Charges Rs. 100/- per Statement
Duplicate NOC charges Rs 500/- per NOC
Revalidation of NOC Charges Rs. 500/- per NOC
NOC to convert from Private to Commercial Registration Rs. 2000/- per NOC
NOC to convert from Commercial to Private Registration Rs. 2000/- per NOC
Cancellation & Rebooking Charges Rs.1000/- per Contract.