🚛 Commercial Vehicle Loan Eligibility Criteria

Drive your business forward with our Commercial Vehicle Loan! 🛣️
At Pearless Housing Fin. Corp., we finance new and used commercial vehicles to support your transport or logistics business.

📌 Basic Eligibility

• 👤 Age: 21 to 60 years (up to 65 for self-employed)

• 🇮🇳 Nationality: Indian citizen

• 🧑‍💼 Eligible Applicants:

  • First-time buyers

  • Transporters (individual or fleet owners)

  • Self-employed or business owners

• 🚚 Vehicle Type: New or used commercial vehicles (LCVs, HCVs, buses, etc.)

💳 Financial Criteria

• 💼 Business Stability: Minimum 1 year in business preferred

• 💰 Income Proof: Sufficient income to repay loan

• 📊 Credit Score: 600+ recommended

• 🏦 Bank Statement: Past 6 months required

📂 Documents Required

• 🆔 KYC Documents (Aadhar, PAN, Address Proof)

• 🧾 ITR for 1–2 years (if applicable)

• 📑 Business registration or GST certificate (if any)

• 🚛 Proforma Invoice of the vehicle

• 📄 Bank Statements (6 months)

• 📜 Driving License (if applying as owner-driver)

💸 Loan Details

• 🔹 Loan Amount: Up to 100% of vehicle cost

• 🔹 Tenure: 12 to 60 months

• 🔹 Interest Rate: Attractive & flexible

• 🔹 Quick Approval & Minimal Paperwork ⚡

⚠️ Note: Final approval depends on credit profile, vehicle type, and documentation.