Hire Purchase Loan

Asset financing options for heavy construction excavators, loaders, transport buses, and trailers.

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Key Features & Benefits

Financing up to 70% of vehicle cost for commercial vehicles and construction equipment
Loan tenure up to 7 years
Direct payouts to licensed distributors/dealers
Flexible amortization plans tailored to vehicle earnings
Professional valuation of the asset and secondary collateral

Required Documents

To apply for this, please prepare the following original documents along with their photocopies:

Citizenship copy and PP photos of applicant and guarantor
Proforma invoice of the vehicle/machinery from distributor
Income source documents (business registration, route permit details, past audits)
PAN Certificate copy
Collateral property documents (if extra property is pledged)
Tax Clearance Certificate of applicant/firm

Product Overview

Financing Margin Up to 70% of Cost
Maximum Tenure Up to 7 Years

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