Commercial Vehicle & Construction Equipment Loan
Recognizing the specific requirements of the transportation and construction industries, IKCON offers specialized solutions for business owners through our Commercial Vehicle and Construction Equipment Loans.
We provide financing options for an extensive array of Commercial Vehicles and Construction Equipment at competitive interest rates. Benefit from our diverse product range, designed to cater to your various business needs:
1. New Commercial Vehicles & Construction Equipment
2. Used Commercial Vehicles & Construction Equipment
3. Vyapaar Loan for Working Capital requirement of Dealer
4. Vyapaar Loan for Working Capital requirement of Customer
5. Balance Transfer
6. Parallel Loans
New Commercial Vehicle & Construction Equipment Loan
Loan Amount
LTV upto 100% of the asset cost
Applicable commercial vehicle loan interest rate
9,55%-15.40%
Maximum Tenure
1 year to 5 years
Used Commercial Vehicle & Construction Equipment Loan
Loan Amount
LTV upto 90% of teh valuation amount or depreciation grid value, whichever is lower.
Applicable commercial vehicle loan interest rate
10.85%-16.90%
Maximum Tenure
1 year to 4 years