Commercial Motor Vehicle (CMV): A motor vehicle or combination of motorvehicles used in commerce to transport passengers or property if the motorvehicle
DOCUMENTS REQUIRED FOR COMMERCIAL VEHICLE LOAN
Documents | For 10 + Commercial Vehicle Owners and | For 0 to 9 Commercial Vehicle Owners |
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Fully filled application form | ![]() |
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Identity proof : (pan card / passport / ration card / voter id card) of both applicant and co applicant/ guarantor/s | ![]() |
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Passport size photographs of all applicants and co applicants/guarantors | ![]() |
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Address proof of all applicants and co applicants/ guarantors | ![]() |
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Stability / property ownership proof of all applicants and co applicants/ guarantors. | ![]() |
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Last 6 months bank statements and bank continuity proof | ![]() |
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Transport driving license / permit for bus operations | ![]() |
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Repayment track record , if any | ![]() |
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Contract / work order if any | ![]() |
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Fleet list on customer letter head and RC copies of vehicles if owned | ![]() |
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Proforma invoice from dealer / manufacturer for new commercial vehicle loans and valuation report for used commercial vehicle loans | ![]() |
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Last 2 years audited financials | ![]() |
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Last 2 years audited financials | ![]() |