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Business, & agriculture finance

Commercial Vehicle Loan

term loans from ₹10 lakh to ₹50 lakh for new commercial, electric, hybrid, CNG, ambulance and caravan vehicles, with 15% margin and up to 84 months' repayment.

Loan amount₹10 lakh minimum to ₹50 lakh maximumPricingCompetitive pricing linked to EBR; the page states the EBR link as repo rate + 2.65%Target customersTransport and tour operators, travel agencies, businesses, contractors, captive users, warehouse owners, logistics providers, hospitality businesses and first-time buyers with related experience
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Quick eligibility check

Commercial Vehicle Loan

0 of 9 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: Transport and tour operators, travel agencies, businesses, contractors, captive users, warehouse owners, logistics providers, hospitality businesses and first-time buyers with related experience?

Published source: Target customers

2Do you meet this requirement: first-time users may be considered specially?

Published source: Eligibility

3Do you meet this requirement: no fixed checklist is published on the page?

Published source: Documents

4Do you meet this requirement: MSMEs need Udyam registration?

5Do you meet this requirement: first-time users may be considered as a special case?

6Document checkDo you have this required document or proof: Udyam registration for MSMEs and personal/business income-tax assessee status are stated; no fixed checklist is published on the page?

Published source: Documents

7Document checkDo you have this required document or proof: At least 2 years' related experience, satisfactory record with existing banks/financial institutions, personal and business income-tax assessee status, and Udyam registration for MSMEs?

Published source: Eligibility

8Document checkDo you have this required document or proof: Udyam registration for MSMEs and personal/business income-tax assessee status are stated?

Published source: Documents

9Document checkDo you have at least one of these required documents: At least 2 years' experience in transport, hospitality or related activities, satisfactory banking track record and income-tax assessee status are required?

Published source: Documents
0 of 9 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 commercial vehicles, electric and hybrid commercial vehicles, CNG vehicles, ambulances and caravan vehiclesEffective 8 Feb 2024View source
To finance new commercial vehicles, Electric vehicles, Hybrid commercial vehicles, CNG vehicles, Ambulances and Caravan Vehicles.
Source
Commercial Vehicle Loan — official product page
Page / section
Objective / Purpose
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Target customersTransport and tour operators, travel agencies, businesses, contractors, captive users, warehouse owners, logistics providers, hospitality businesses and first-time buyers with related experienceEffective 8 Feb 2024View source
Target Group: Transport Operators, Tour Operators, Travel Agencies, Business Enterprises, Contractors, Captive Users, Warehouse Owners, Logistics provider, Hospitality Sector, First Time Buyers with experience in related activities.
Source
Commercial Vehicle Loan — official product page
Page / section
Features — Target Group
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
FacilityTerm loanEffective 8 Feb 2024View source
Facilities Available: Term Loan.
Source
Commercial Vehicle Loan — official product page
Page / section
Features — Facilities Available
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Loan amount₹10 lakh minimum to ₹50 lakh maximumEffective 8 Feb 2024View source
Minimum: Rs.10.00 lakhs. Maximum: Rs.50.00 Lakhs.
Source
Commercial Vehicle Loan — official product page
Page / section
Features — Quantum of Loan
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
PricingCompetitive pricing linked to EBR; the page states the EBR link as repo rate + 2.65%Effective 8 Feb 2024View source
Competitive pricing linked to (Linked to Repo Rate and Currently is Repo Rate + 2.65%).
Source
Commercial Vehicle Loan — official product page
Page / section
Features — Pricing
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Borrower margin15% of the vehicle's on-road priceEffective 8 Feb 2024View source
Borrower's Margin / Contribution: 15% on on-road price.
Source
Commercial Vehicle Loan — official product page
Page / section
Features — Borrower's Margin / Contribution
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Repayment periodCommercial vehicle: maximum 84 months with up to 6-month moratorium; electric vehicle: maximum 48 months with up to 6-month moratoriumEffective 8 Feb 2024View source
For Commercial Vehicle: Maximum 84 months. Moratorium up to 6 months. For Electric Vehicle: Maximum 48 months. Moratorium up to 6 months.
Source
Commercial Vehicle Loan — official product page
Page / section
Features — Repayment Period
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Processing fee0.50% of loan amount plus applicable GSTEffective 8 Feb 2024View source
0.50% of the loan amount + .
Source
Commercial Vehicle Loan — official product page
Page / section
Features — Processing Fee / Upfront Fee
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Other charges5% per annum over the existing interest rate on the overdue amount for the period of defaultEffective 8 Feb 2024View source
5% p.a. over and above the existing rate of interest on overdue amount for the period of default.
Source
Commercial Vehicle Loan — official product page
Page / section
Features — Other Charges
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
SecurityNil collateral; loans are covered under CGTMSE and the borrower bears the guarantee feeEffective 8 Feb 2024View source
Nil. Loans will be covered under . Guarantee fee to be borne by the borrower.
Source
Commercial Vehicle Loan — official product page
Page / section
Collateral Security
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
EligibilityAt least 2 years' related experience, satisfactory record with existing banks/financial institutions, personal and business income-tax assessee status, and Udyam registration for MSMEs; first-time users may be considered speciallyEffective 8 Feb 2024View source
Minimum 2 years of experience... Satisfactory track record... Income Tax Assessee... should be registered in ... First time users may also be considered as a special case.
Source
Commercial Vehicle Loan — official product page
Page / section
Eligibility Criteria
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNot published as a numeric turnover threshold on the complete Commercial Vehicle Loan page; SBI publishes a minimum 2-year related-business experience rule instead.Effective 8 Feb 2024View source
The complete page publishes minimum 2 years of related experience and other eligibility conditions but no numeric turnover threshold.
Source
Commercial Vehicle Loan — official product page
Page / section
Complete page review — Eligibility Criteria
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
Commercial Vehicle Loan — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
DocumentsUdyam registration for MSMEs and personal/business income-tax assessee status are stated; no fixed checklist is published on the page.View source
The manually reviewed product record states: “Udyam registration for and personal/business income-tax assessee status are stated; no fixed checklist is published on the page.”.
Source
Commercial Vehicle Loan — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • New commercial, electric, hybrid, CNG, ambulance and caravan vehicles
  • ₹10 lakh to ₹50 lakh
  • Up to 84 months for commercial vehicles or 48 months for electric vehicles
  • cover with nil collateral

Eligibility

  • At least 2 years' experience in transport, hospitality or related activities, satisfactory banking track record and income-tax assessee status are required.
  • need Udyam registration; first-time users may be considered as a special case.

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

Documents the bank lists

  • Udyam registration for and personal/business income-tax assessee status are stated; no fixed checklist is published on the page.

Related official documents

Commercial Vehicle Loan — 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, electric, hybrid, CNG, ambulance and caravan vehicles

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

Source: Commercial Vehicle Loan — 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 columnsCommercial Vehicle Loan — published termsTerms published on SBI's official Commercial Vehicle Loan page.View tableHide table

Scroll sideways to view every column

Commercial Vehicle Loan — published terms
ItemPublished term
VehiclesNew commercial, electric, hybrid, CNG, ambulance and caravan vehicles
CustomersTransport, tourism, business, contractor, warehouse/logistics and hospitality operators; related-experience first-time buyers
Amount₹10 lakh–₹50 lakh
Margin15% of on-road price
Pricing-linked; page states repo + 2.65%
Repayment84 months commercial / 48 months electric; up to 6-month moratorium
Processing fee0.50% +
Overdue charge5% p.a. over existing rate during default
SecurityNil collateral; cover; borrower pays guarantee fee
ExperienceMinimum 2 years; first-time users may be special case
  • Last updated on the page: 8 February 2024.
Commercial Vehicle Loan — official product page · Purpose, Features, Eligibility and Collateral Security · accessed 1 Sept 2026Open official source ↗

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