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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 minimum to ₹5 crore maximumPricingCompetitive 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 minimum to ₹5 crore maximumEffective 20 Jan 2026View source
Minimum: Rs. 50 lakhs; Maximum: Rs. 5 Crore.
Source
Fleet Finance — 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 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 ↗
Repayment periodMaximum 60 months for scores 50% to below 60%, or 66 months for scores 60% and above; includes up to 2-month moratoriumEffective 20 Jan 2026View source
Scores between 50% to less than 60%: Max 60 months including moratorium up to 2 months; scores 60% and above: Max 66 months including moratorium up to 2 months.
Source
Fleet Finance — official product page
Page / section
Features — Repayment Period
Accessed
1 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 ↗
SecurityCGTMSE cover is required where eligible; otherwise tangible collateral security of at least 25%, with guarantee fee borne by the borrowerEffective 20 Jan 2026View source
Loans should be covered under ... loans not eligible for should be covered by tangible collateral security of >=25%.
Source
Fleet Finance — official product page
Page / section
Collateral Security
Accessed
1 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 ↗
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 ↗
Turnover / vintageAt least 3 years' transport/business experience and an existing fleet of at least 10 vehicles are required.View source
The manually reviewed product record states: “At least 3 years' transport/business experience and an existing fleet of at least 10 vehicles are required.”.
Source
Fleet Finance — official product page
Page / section
Published product metadata
Accessed
1 Sept 2026
Confidence
high
Open official source ↗
DocumentsIncome-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.View source
The manually reviewed product record states: “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.”.
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

Fleet Finance — official SBI product pageofficial-product-page · current · accessed 1 Sept 2026
↗

Plan before applying

Try the numbers

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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.

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Find the exact published value

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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 ↗

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