We offer the commercial vehicle loan to customers with diverse profiles. With fast processing. Flexible & competitive rates, MAS Financial Services deliver customized commercial vehicle loans.
Our commercial vehicle financing aims at promoting the individuals from users to owners. We are proud to fulfill this cherished dream of becoming an owner.
Loans are given for purchase of commercial vehicles. Loans are extended to first time users, first time owners, fleet owners or customers requiring it for captive usage in their business.
Also offer refinance against commercial vehicles use for business purpose
Ticket size for purchase of old/new commercial vehicle ranges from 50,000/- to 15,00,000/-
Loan tenure up to 60 months
The interest rate for the product ranges up to 26%.
Hassle free loans - Quick turn around time
Basic eligibility criteria
Customer Profile
Road Transporters
Traders & Manufacturers
Travelers
Farmers
Age
Between 18 to 65 years
Residential Stability
1 Year
Employment vintage
2 Years
Monthly Income
12,000/- or above
Documents Required
Photograph - Latest Color Photograph
Identity proof (Any One) - Driving License / Voter Id Card / Aadhar Card / PAN Card / Passport
Age Proof (Any One) - Driving License / Voter Id Card with DOB / Aadhar Card / PAN Card / Passport / Government issued document with DOB.
Signature Verification - Bank Signature Verification
Address Proof (Any One) - Electric Bill / Tax Bill / Water Bill / Gas Bill / Fixed Line Telephone Bill Post Paid Mobile Bill
Ownership Proof (Any One) - Electric Bill / Tax Bill / Water Bill / Possession Letter or Sale Deed with Latest Utility bill
Income Proof -
Shop Establishment Certificate / Sales and Purchase Bills / ITR / Financials with all schedules of last 3 Years
Valid Driving License & Existing Vehicle(s) RTO Book
Bank Statement - Last 6 months Bank statement of all bank accounts
*MAS reserves the right to ask for additional documents
