For running day to day operation more quickly and smoothly, the demand of Commercial Vehicle is increasing. To fulfill this demand, MFIL is introducing a Commercial Vehicle Loan under the banner of “Duranta”. This financing is offered to Food and Beverages companies, Textile, Agro based business, Telecommunications, Large construction companies, Garments Exporters and large Trading Houses etc
Our Commercial Vehicle Loans are:
- Trucks, buses, light commercial vehicles and small commercial vehicles
- Cargo, Prime Mover, Tank Lorry, Dump Truck and other heavy commercial vehicle
- Vehicles used for Telecommunication or engineering (like carry boy, pick-up etc.) and construction purpose (like crane, excavator, wheel loader etc.)
- Simple documentation processes
- Easy financing solutions to meet individual requirements
Eligibility
- Minimum 2 years experience in the same line of business
- Valid enlistment of a Govt. organization or private limited company
- Age minimum 25 years to maximum 60 years
Features
- Financing Up to 80% of the vehicle acquisition price
- Loan Term: Up to 60 months
- Payment mode: Equal monthly installment
Required Document
- Duly filled in and signed Application Form
- Photographs of Applicant & Guarantor(s)
- Valid NID/Passport, Driving/Trade License of Applicant and Guarantor(s) Trade License, E-TIN & NID
- Bank statements of last 12 (Twelve) months
- Copy of Utility bills
- Tenancy Agreement
- Submission of original documents / papers related to acquisition of vehicle
- Land Document (if applicable)