Business, & agriculture finance

Commercial Vehicle Finance

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Loan limitUp to ₹30 crore.PricingMSME pricing is linked to the Repo rate (BRLLR); other enterprises are linked to one-year MCLR. Concessional one-time processing fees apply.Customer typeEligible micro, small and medium enterprises

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✓ Manually checked 11 Sept 2026 · active

Commercial Vehicle Finance official product image

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible buyersFirst-time buyers, existing fleet operators and captive users; individuals, proprietorships, partnerships and companies engaged in transportation or using vehicles for captive business activity.View source

The official page identifies buyer types and transport/captive-use eligibility.

Source: Commercial Vehicle Finance
Page / section: Overview / — Eligibility
Accessed: 23 Aug 2026
Confidence: high

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Loan limitUp to ₹30 crore.View source

The official publishes the ₹30 crore ceiling.

Source: Commercial Vehicle Finance
Page / section: — Loan Amount
Accessed: 23 Aug 2026
Confidence: high

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Loan tenureUp to 5 years.View source

The official publishes the five-year maximum tenure.

Source: Commercial Vehicle Finance
Page / section: — Loan Tenure
Accessed: 23 Aug 2026
Confidence: high

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Vehicle fundingUp to 100% of chassis ex-showroom price, up to 60% of body cost and up to 95% of fully built vehicle price.View source

The official margin section publishes chassis, body and fully-built vehicle funding percentages.

Source: Commercial Vehicle Finance
Page / section: — Margin
Accessed: 23 Aug 2026
Confidence: high

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Security and processNo collateral is required, no existing relationship is needed, and existing borrowers can receive standalone sanctions. Assessment and documentation are simplified, with no hidden charges stated on the reviewed page.View source

The official key-features section lists the collateral and process conditions.

Source: Commercial Vehicle Finance
Page / section: — Key Features
Accessed: 23 Aug 2026
Confidence: high

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PricingMSME pricing is linked to the Repo rate (BRLLR); other enterprises are linked to one-year MCLR. Concessional one-time processing fees apply.View source

The official pricing section publishes separate and other-enterprise benchmarks.

Source: Commercial Vehicle Finance
Page / section: Interest Rates and Charges
Accessed: 23 Aug 2026
Confidence: high

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CollateralNo collateral is required according to the official key-features section.View source

The official key-features section explicitly says “No Collateral Required”.

Source: Commercial Vehicle Finance
Page / section: — Key Features
Accessed: 30 Aug 2026
Confidence: high

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Processing feeConcessional one-time processing fees apply, but the reviewed official page does not publish the amount or percentage.View source

The page states “Concessional One Time Processing Fees” without a numeric schedule.

Source: Commercial Vehicle Finance
Page / section: Interest Rates and Charges
Accessed: 30 Aug 2026
Confidence: high

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Geographic limitsThe reviewed official page publishes no state, residence, branch-territory or usage-country restriction for the commercial-vehicle facility.View source

The full product page provides eligibility and pricing but no geographic limitation.

Source: Commercial Vehicle Finance
Page / section: Complete page reviewed
Accessed: 30 Aug 2026
Confidence: high

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Customer typeEligible micro, small and medium enterprisesView source

The manually reviewed product record states: “Eligible micro, small and medium enterprises”.

Source: Commercial Vehicle Finance — official product page
Page / section: Published product metadata
Accessed: 15 Aug 2026
Confidence: high

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Common commercial-loan documentsCommon checklist: Duly filled loan application form. Identity proof for the proprietor, partner or director (for a company): Aadhaar Card, Voter’s ID Card, Passport, Driving License, PAN Card, or signature identification from the present banker. Residence proof for the proprietor, partner or director (for a company): Aadhaar Card, recent telephone or electricity bill, property-tax receipt, Passport, or Voter’s ID Card. Proof of business address. Company Memorandum and Articles of Association, partnership deed, or equivalent constitution documents. Assets-and-liabilities statement of promoters and guarantors, with latest income-tax returns. Additional documents depend on activity and facility: SSI/MSME registration or Udyog Aadhaar Memorandum, if applicable (as worded in BOB’s current FAQ). Projected balance sheets for the next two years for working-capital limits, or for the period of the loan for term loans. Balance sheets for the last three years. Copies of lease deeds/title deeds for all properties offered as primary or collateral security. For companies: certificate of incorporation from the Registrar of Companies, CIN and directors’ DIN details. Bank-account details where applicable, including outstanding amounts on existing loans/limits. GSTN, if applicable. Other licences and documents required by the business entity/activity (the FAQ gives manufacturing, trading, export-import, IT and service businesses as examples).View source

The current official lists common identity, residence, business-address, constitution and financial documents, then activity/facility-dependent records. It separately says further licences and documents depend on the business entity/activity.

Source: Loans and Advances — Bank of Baroda commercial-loan documents
Page / section: — “What documents need to be submitted for a Commercial Loan?” lines 686–703; Common Documents lines 688–694; Additional documents based on activity undertaken lines 695–703
Accessed: 27 Sept 2026
Confidence: high

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Eligibility

First-time buyers, existing fleet operators and captive users
individuals, proprietorships, partnerships and companies engaged in transportation or using vehicles for captive business activity.

Passing a listed condition does not mean the bank will approve an application.

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Loan repayment estimate

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Term

Purpose · Published detailTerm loan for new commercial vehicles

This value is copied from Commercial Vehicle Finance — complete published terms. Check the table notes before relying on it.

Source: Commercial Vehicle Finance · Overview; ; Interest Rates and Charges Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsCommercial Vehicle Finance — complete published termsStructured capture of all material terms on the official commercial-vehicle page.View tableHide table

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Commercial Vehicle Finance — complete published terms
Term	Published detail
Purpose	Term loan for new commercial vehicles
Eligible buyers	First-time buyers, existing fleet operators and captive users; individuals, proprietorships, partnerships and companies engaged in transportation/captive use
Loan amount	Up to ₹30 crore
Tenure	Up to 5 years
Vehicle funding	Up to 100% chassis ex-showroom, up to 60% body and up to 95% fully built vehicle
Collateral	No collateral required; no existing relationship required
Pricing	rate linked to Repo Rate/; other enterprises linked to one-year
Processing	Concessional one-time fee; numeric amount not published
Documents / geography	No itemised document checklist or narrower geographic restriction published

means Baroda Repo Linked Lending Rate; means Marginal Cost of Funds based Lending Rate.

Commercial Vehicle Finance · Overview; ; Interest Rates and Charges · accessed 30 Aug 2026Open official source ↗

Commercial Vehicle Finance

What the official sources publish

Eligibility

Related official documents

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