IndiaBanks.org · independent research

Business, & agriculture finance

Fleet Finance

finance for new commercial and passenger vehicles, including electric and hybrid vehicles, from ₹50 lakh to ₹5 crore with score-linked margins and up to 66-month repayment.

Loan amount₹50 lakh to ₹50 crore under the TMFL tie-up; the regular scheme is ₹50 lakh to ₹5 crorePricingCompetitive pricing linked to EBR (the page states repo rate + 2.65%) or 6-month MCLRTarget customersExisting fleet operators and captive users, business enterprises, contractors, mine owners, port owners/operators and aggregators
Official product page ↗Compare category

Quick eligibility check

Fleet Finance

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Existing fleet operators and captive users, business enterprises, contractors, mine owners, port owners/operators and aggregators?

Published source: Target customers

2Do you meet this requirement: At least 3 years' transport/business experience and an existing fleet of at least 10 vehicles are required?

3Do you meet this requirement: A minimum 50% score under SBI's scoring model, promoter/partner/director CIC score of at least 680, permits, tax-assessment status and satisfactory banking track record are required?

4Document checkDo you have this required document or proof: Income-tax records for the person and business, route permits and other required licences/approvals are stated; a complete checklist is not published on the page?

Published source: Documents

5Document checkDo you have this required document or proof: At least 3 years' experience, existing fleet of at least 10 vehicles, required permits/licences, satisfactory banking track record, income-tax assessee status, scoring-model result of at least 50% and main promoter/partner/director CIC score of at least 680?

Published source: Eligibility

6Document checkDo you have this required document or proof: Income-tax records for the person and business, route permits and other required licences/approvals are stated?

Published source: Documents
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 1 Sept 2026 · active
Offered byState Bank of India

India

Key facts

What the official sources publish

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

PurposeFinance new small, light, medium and heavy commercial vehicles and passenger vehicles, including electric and hybrid commercial vehiclesEffective 20 Jan 2026View source
To finance new vehicles (Small, Light, Medium, Heavy Commercial Vehicles, Passenger Vehicles)... Electric/ Hybrid commercial vehicles can also be financed.
Source
Fleet Finance — official product page
Page / section
Objective / Purpose
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Target customersExisting fleet operators and captive users, business enterprises, contractors, mine owners, port owners/operators and aggregatorsEffective 20 Jan 2026View source
Target Group: Existing Fleet Operators & Captive Users, Business Enterprises, contractors, Mine owners, Port owners/operators/aggregators etc.
Source
Fleet Finance — official product page
Page / section
Features — Target Group
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
FacilityTerm-loan vehicle finance repayable through EMIs; negotiated repayment may be used depending on cash accrualsEffective 20 Jan 2026View source
Repayment in basis. Negotiated repayment can be done depending on cash accruals.
Source
Fleet Finance — official product page
Page / section
Features — Repayment Period
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Loan amount₹50 lakh to ₹50 crore under the TMFL tie-up; the regular scheme is ₹50 lakh to ₹5 croreEffective 30 Apr 2025View source
Tie-up: Min Rs 50 lakhs to Max Rs 50 Crs; regular: Minimum Rs 50 lakhs, Maximum Rs 5 Crore
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 30 / physical page 37 — Fleet Finance variants
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
PricingCompetitive pricing linked to EBR (the page states repo rate + 2.65%) or 6-month MCLREffective 20 Jan 2026View source
Competitive pricing linked to (Linked to Repo Rate and Currently is Repo Rate + 2.65%) / 6 Months .
Source
Fleet Finance — official product page
Page / section
Features — Pricing
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Borrower marginScore-linked: chassis 5% or 0%, body 30%, fully built model 10% or 5%, and road tax/insurance/registration at least 50%Effective 20 Jan 2026View source
Margins are linked to the scores under scoring model: chassis 5%/0%, body 30%/30%, fully built model 10%/5%; other expense minimum 50%.
Source
Fleet Finance — official product page
Page / section
Features — Margin table
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
TenureUp to 72 months including a 5-month moratorium under the TMFL tie-up; up to 60 months under the regular schemeEffective 30 Apr 2025View source
Tie-up repayment maximum 72 months including moratorium of 5 months; regular repayment maximum 60 months
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 30 / physical page 37 — Fleet Finance variants
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Upfront feeUp to 1.50% of the loan amount, based on the unit's internal ratingEffective 20 Jan 2026View source
Upfront Fee: upto 1.50% of the loan amount based on internal rating of the Unit.
Source
Fleet Finance — official product page
Page / section
Features — Upfront Fee
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Other chargesAnnual review of term loan: 0.05% of the sanctioned loan amountEffective 20 Jan 2026View source
Annual Review of Term Loan: 0.05% of the sanctioned loan amount.
Source
Fleet Finance — official product page
Page / section
Features — Other Charges
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
SecurityNil collateral under the TMFL tie-up; regular loans should be covered under CGTMSE, with guarantee fee borne by the borrowerEffective 30 Apr 2025View source
Nil collateral under the tie-up; regular loans should be covered under and guarantee fee borne by borrower
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 30 / physical page 37 — Fleet Finance variants
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
EligibilityAt least 3 years' experience, existing fleet of at least 10 vehicles, required permits/licences, satisfactory banking track record, income-tax assessee status, scoring-model result of at least 50% and main promoter/partner/director CIC score of at least 680Effective 20 Jan 2026View source
Minimum 3 years of experience... minimum 10 vehicles... minimum 50% score... Minimum Score ... 680.
Source
Fleet Finance — official product page
Page / section
Eligibility Criteria
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Experience / fleetAt least 3 years in transport industry or related business; the regular scheme requires an existing fleet of at least 10 vehiclesEffective 30 Apr 2025View source
Minimum 3 years of experience; regular fleet operator having existing fleet of minimum 10 vehicles
Source
Bouquet of Products and Services — Version 3.0 (Business loan section)
Page / section
Printed page 30 / physical page 37 — Fleet Finance variants
Accessed
10 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
Fleet Finance — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • New small, light, medium and heavy commercial vehicles
  • ₹50 lakh minimum to ₹5 crore maximum
  • Up to 66 months including up to 2-month moratorium
  • cover where eligible

Eligibility

  • At least 3 years' transport/business experience and an existing fleet of at least 10 vehicles are required.
  • A minimum 50% score under scoring model, promoter/partner/director score of at least 680, permits, tax-assessment status and satisfactory banking track record are required.

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

Documents the bank lists

  • Income-tax records for the person and business, route permits and other required licences/approvals are stated; a complete checklist is not published on the page.

Related official documents

SBI Bouquet of Products and Services — Version 3.0 (Business loan section)official-pdf · current · accessed 10 Sept 2026
↗
Fleet Finance — official SBI product pageofficial-product-page · current · accessed 1 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹13,431thirteen thousand four hundred thirty-one rupees
Interest paid over the full loan₹7,23,444seven lakh twenty-three thousand four hundred forty-four rupees
Everything you repay₹32,23,444thirty-two lakh twenty-three thousand four hundred forty-four 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.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Vehicles · Published termNew commercial and passenger vehicles; electric/hybrid commercial vehicles included

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

Source: Fleet Finance — official product page · Purpose, Features, Eligibility and Collateral Security Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 10 rows · 2 columnsFleet Finance — published termsSBI's published Fleet Finance terms and score-linked margin table.View tableHide table

Scroll sideways to view every column

Fleet Finance — published terms
ItemPublished term
VehiclesNew commercial and passenger vehicles; electric/hybrid commercial vehicles included
CustomersFleet operators, captive users, enterprises, contractors, mine/port operators and aggregators
Amount₹50 lakh–₹5 crore
MarginScore-linked; chassis 0%–5%, body 30%, fully built 5%–10%, other expenses ≥50%
Pricing (page states repo + 2.65%) / 6-month
Repayment60 or 66 months by score, including up to 2-month moratorium
Upfront feeUp to 1.50%
Annual review0.05% of sanctioned amount
Security; otherwise tangible collateral ≥25%
Eligibility3-year experience, 10-vehicle fleet, 50% score and ≥680
  • Last updated on the page: 20 January 2026.
Fleet Finance — official product page · Purpose, Features, Eligibility and Collateral Security · accessed 1 Sept 2026Open official source ↗
Table 2 · 13 rows · 4 columnsBusiness-loan panelsView tableHide table

Scroll sideways to view every column

Business-loan panels
Product or variantPublished purpose / eligibilityAmount / rate / feeTenure / margin / security
Cash Credit (Working Capital)Manufacturing, trade and services; limits assessed on audited financials/cash flow and projectionsCompetitive rating-linked interest; amount not publishedFacility subject to bank policy
Term LoanManufacturing, trade and services acquiring fixed assets or expanding capacityCompetitive internal/external-rating-linked interest; amount not publishedCollateral as per bank policy
e-DFSDealers/distributors recommended by an Industry Major/6-month -linked; minimum 25% collateral securityCash-credit inventory funding
e-VFS — vendor exposureVendors of reputed corporates; peak monthly sales plus 20% contingency100% invoice funding; ₹10,000–₹30,000 unified charges; nil collateralClean cash credit; T-Bill-linked pricing; in-principle digital sanction up to ₹50 crore
e-VFS — Industry Major exposureCorporate's peak monthly purchases; no individual vendor limit100% invoice funding; no primary security; clean or security-backed by risk assessmentT-Bill-linked pricing; liberalised documentation
Export FinanceExporters using EPC, FBP, , and Exporters Gold CardCompetitive/T-Bill-linked pricing; Interest Equalisation Scheme where eligibleNeed-based limits based on export turnover/orders; collateral as per policy
Asset Backed Loan (Saral)Loan against propertyMore than ₹10 lakh to ₹5 crore; 65% of realizable property value180 months; no primary security envisaged
ABLLoan against propertyMore than ₹5 crore to ₹20 crore; 60% of realizable property value240 months; no primary security envisaged
Car LoanPromoter/partner/director gross taxable income ₹3 lakh+; vehicle purchaseUp to ₹5 crore or 4× annual income, lower of the two5 or 7 years; no collateral, vehicle hypothecation
Fleet FinanceThree years' experience; regular scheme requires 10-vehicle fleet₹50 lakh–₹50 crore tie-up; ₹50 lakh–₹5 crore regular72 months incl. 5-month moratorium tie-up; 60 months regular; regular
Healthcare Business LoanHealthcare practitioners, hospitals, diagnostics, pharmacies and manufacturers₹10 lakh–₹50 crore; cash credit capped at ₹5 crore10 years incl. 18-month moratorium; 25% tangible collateral above ₹5 crore
Finance to Solar VendorsExisting solar vendors/channel partners/sub-contractors registered with MNREMore than ₹10 lakh to ₹5 crore; processing fee per extant card ratesCash credit; no collateral; cover
EV MitraExisting/prospective and non- businesses setting up public/captive/battery-swapping stationsMore than ₹10 lakh to ₹5 crore; minimum 25% borrower contribution8 years incl. 9-month moratorium; processing fee per extant card rates; amenities capped at 25% of project cost or ₹100 lakh
  • Every row is transcribed from the rendered panels; an amount, fee or security rule is left unpublished when the panel is silent.
Bouquet of Products and Services — Version 3.0 (Business loan section) · Printed pages 29–31 / physical pages 36–38 · accessed 10 Sept 2026Open official source ↗

More from State Bank of India

Related products

Asset Backed Agriculture Loan (ABAL)

Agricultural term loan for traditional, modern and allied farm activities, including land development, fencing, mechanisation and infrastructure; publishes a ₹3,00,001–₹50 lakh range and repayment up to 72 months.

View product

ABL (Saral)

asset-backed working-capital and business-purpose finance above ₹10 lakh up to ₹5 crore, with a 25% borrower margin, up to 180-month dropline overdraft and property security at 65% .

View product

Agri Clinic and Agri Business Centres Loan

Term finance for agri-clinics and agri-business centres, up to ₹20 lakh for an individual or ₹1 crore for a group of five trained people, with up to 10-year term.

View product

Agri & Food Enterprises Loan (AFEL)

Finance for agri commodity, food processing, agri-input manufacturing, exports and selected agri infrastructure or ancillary activities, up to ₹100 crore.

View product