Commercial Vehicle Loan

Bank Name	Interest Rate Range (%)	Processing Fee (%)	Foreclosure Charge	Maximum Tenore (Month)
PNB Housing	9.00% - 10.50%	1%	2% - 4%

Bank Name	Key Features
PNB Housing	Interest rate 9.00% - 10.50% Fore closure charge 2% - 4%

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Documents Required

Individual
Prop Firm
Partnership Firm-LLP
PVT. LTD.

Photographs 2
PAN Card Copy
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
FLEET LIST
WORK IN HAND / CONTRACT COPIES
PERFORMA INVOICE
EXISTING VEHICLE OWNERSHIP PROOF
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

PHOTOGRAPH BOTH
PAN CARD CLEAR COPY PROPRIETOR.
ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP
FLEET LIST
WORK IN HAND/CONTRACT COPIES
PERFORMA INVOICE
EXISTING VEHICLE OWNERSHIP PROOF

PHOTOGRAPH PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
FIRM ADD PROOF- LATEST ANY UTILITY BILL.
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST Return last 1 years
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
Agreement To Sell copy
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
FLEET LIST
WORK IN HAND /CONTRACT COPIES
PERFORMA INVOICE
EXISTING VEHICLE OWNERSHIP PROOF

ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
ADDRESS PROOF – COMPANY AND DIRECTORS.
LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM
ORDER IN HAND AND COMPLETE COPY (if applicable)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
FLEET LIST
WORK IN HAND /CONTRACT COPIES
PERFORMA COPIES
EXISTING VEHICLE OWNERSHIP PROOF

Frequently Asked Questions

How do I repay the Commercial Vehicle Loan?

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.

What documents do I need to submit to avail a Commercial Vehicle Loan?

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.

If I do not meet all the criteria for the loan, can I still avail of a loan?

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.

Calculators

EMI Calculator

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Car Lease or Finance Calculator

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Debt reduction amortization calculator

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Debt Consolidation Calculator

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Head Office:- Plot No 6A, IInd Floor, Opp. Max Hospital, Hasanpur, Patparganj, Delhi-110092
Branch Office:- IInd Floor, SCO-20, Huda Shopping Complex, Saraswati Vihar, Near Sahara Mall, MG Road Metro Station, Gurugram, Haryana-122002
+91 9863020202
contact@financeseva.in
https://financeseva.com/

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