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 |
|---|---|---|
| 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 | |