Light Commercial Vehicle Loans
Light Commercial Vehicle Loans
A new commercial vehicle loan from Preksha Finflex offers an ideal solution for anyone who owns a transport business. Our commercial vehicle loans caters to a wide variety of categories including LCV, MLCV etc., With an extended tenure of up to 84 months, experience a hassle free loan process with fast and digitised disbursal.
Features Of Light Commercial Vehicle Loans
- Flexible Loan Amounts LCV loans offer a range of loan amounts that can cover a significant portion of the vehicle's cost, sometimes up to 100%. The actual amount financed is typically based on the borrower's creditworthiness, the type of vehicle, and its use.
- Competitive Interest Rates Interest rates for LCV loans are usually competitive, and may vary depending on factors such as the borrower's credit history, the loan tenure, and the lending institution. Both fixed and floating interest rate options are generally available.
- Varied Repayment Tenures Borrowers can benefit from flexible repayment tenures that can range from a few years to several, depending on the lender's policies and the borrower's ability to repay. This flexibility helps in managing cash flows more effectively.
- Minimal Documentation Compared to other types of loans, LCV loans typically require minimal documentation, which may include identity proof, address proof, income proof, and documents related to the vehicle being purchased.
Benefits Of Light Commercial Vehicle Loans
- Quick loan disbursal
- Up to 100% funding
- Attractive rate of interest
- Personalized Service
- Minimum Documentation
- Eligibility in 7 Steps
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Business Setup Growth
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Business Problem Solving
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Happy Customers
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Years Of Experience
