Documents required for Commercial Vehicle Loan

IIFL Commercial Vehicle Loan process requires least possible paperwork and thus ensures that you do not get hassled with unnecessary documentation.

All you need to do is, submit your details through the form given above and an IIFL representative will get in touch to service your requirement. Our on field team is equipped with Tablets to ensure that your form is filled online and loan processing is faster.

For your assistance, we have listed down the required documents below:

  • KYC Documents as per RBI guidelines (Address & ID proof)
  • Land ownership/ immovable property ownership proof
  • Fleet details ( if applicable)
  • Statement of earlier loans taken
  • RC book photocopies for vehicles owned
  • Details of guarantor/ co-borrower – business details, networth etc.

Note: If you have Aadhar number, then our IIFL representative can do your eKYC on the Tablet and auto-fill your application form with the details available in your Aadhar card, making your application process even faster.

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