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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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Unlock features, exclusively available
only on the IDFC FIRST Bank app
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Fast approvals with a simple, hassle‑free process
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Affordable EMIs for smooth business cash flow
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High LTV financing — up to 95% of vehicle value
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Financing for wide range of Commercial Vehicles & Construction Equipment
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Fast approvals with a simple, hassle‑free process
-
Affordable EMIs for smooth business cash flow
-
High LTV financing — up to 95% of vehicle value
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Financing for wide range of Commercial Vehicles & Construction Equipment
Overview
IDFC FIRST Bank provides financing solutions to support the growth of transporters, contractors, and small businesses by helping them acquire the assets they rely on every day. We finance a wide range of requirements—from trucks, pick‑ups, buses, and three‑wheelers to construction equipment such as loaders, tippers, and other heavy machinery.
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Whether you are purchasing a new or pre‑owned asset, refinancing an existing vehicle, or investing in construction equipment for your projects, our flexible loan options are designed to match your business needs. With competitive EMIs, quick approvals, minimal documentation, and a simple digital process, we make it easier to keep your operations moving without the burden of large upfront costs—all backed by the trust and transparency of IDFC FIRST Bank.Read Less
Key Features
CV & CE Finance
Instant Digital Approval
Flexible High Funding
New–Used–Refinance
Minimal Documentation
Bank-Backed Transparency
New Commercial Vehicle Loan
Finance new vehicles for your growing business
Ideal for
• First-time buyers, driver-cum-owners, fleet operators
Assets financed
• New trucks, pick‑ups, buses, tippers, three‑wheelers, cargo vehicles
Key highlights
• High funding on vehicle cost
• Affordable EMIs as low as Rs 2222/- per Lac
• Simple digital process
• LTV Up to 95% of the on-road price
• Loan tenure upto 60 months
Pre‑Owned Commercial Vehicle Loan
Affordable financing for quality used vehicles
Ideal for
• Cost‑conscious buyers, small transporters, expanding businesses
Assets financed
• Used commercial vehicles (subject to age and condition norms)
Key highlights
• Digital Valuation
• Loan up to 90% of the current market value
• Vehicle age to be up to 13 years by end of loan tenure
• EMI as low as ₹2999/- per Lac
Commercial Vehicle Refinance
Reduce EMIs or unlock funds from your existing vehicle
Ideal for
• Existing vehicle owners seeking EMI reduction or liquidity
Assets financed
• Commercial vehicles currently financed with IDFC or other lenders
Key highlights
• EMI savings through refinance
• LTV Up to 100% of the current market value
• Loan tenure up to 48 months
• EMI as low as ₹2678/- per Lac
Electric Commercial Vehicle Loan
Smarter financing for cleaner mobility
Ideal for
• Last‑mile delivery operators, fleet owners adopting EVs
Assets financed
• Electric three‑wheelers and electric commercial vehicles
Key highlights
• Competitive EV financing
• Lower operating cost advantage
• Flexible EMI options
• LTV Up to 95%, same as new CV loan coverage
Construction Equipment Financing
Finance equipment that powers your projects
Ideal for
• Contractors, infrastructure businesses, project‑based operators
Assets financed
• Loaders, backhoes, tippers, earthmovers, and other construction equipment
Key highlights
• Financing for new and used construction equipment
• Digital process with quick approvals
• Affordable EMIs
• LTV upto 95%
New Commercial Vehicle Loan
Finance new vehicles for your growing business
Ideal for
• First-time buyers, driver-cum-owners, fleet operators
Assets financed
• New trucks, pick‑ups, buses, tippers, three‑wheelers, cargo vehicles
Key highlights
• High funding on vehicle cost
• Affordable EMIs as low as Rs 2222/- per Lac
• Simple digital process
• LTV Up to 95% of the on-road price
• Loan tenure upto 60 months
Pre‑Owned Commercial Vehicle Loan
Affordable financing for quality used vehicles
Ideal for
• Cost‑conscious buyers, small transporters, expanding businesses
Assets financed
• Used commercial vehicles (subject to age and condition norms)
Key highlights
• Digital Valuation
• Loan up to 90% of the current market value
• Vehicle age to be up to 13 years by end of loan tenure
• EMI as low as ₹2999/- per Lac
Commercial Vehicle Refinance
Reduce EMIs or unlock funds from your existing vehicle
Ideal for
• Existing vehicle owners seeking EMI reduction or liquidity
Assets financed
• Commercial vehicles currently financed with IDFC or other lenders
Key highlights
• EMI savings through refinance
• LTV Up to 100% of the current market value
• Loan tenure up to 48 months
• EMI as low as ₹2678/- per Lac
Electric Commercial Vehicle Loan
Smarter financing for cleaner mobility
Ideal for
• Last‑mile delivery operators, fleet owners adopting EVs
Assets financed
• Electric three‑wheelers and electric commercial vehicles
Key highlights
• Competitive EV financing
• Lower operating cost advantage
• Flexible EMI options
• LTV Up to 95%, same as new CV loan coverage
Construction Equipment Financing
Finance equipment that powers your projects
Ideal for
• Contractors, infrastructure businesses, project‑based operators
Assets financed
• Loaders, backhoes, tippers, earthmovers, and other construction equipment
Key highlights
• Financing for new and used construction equipment
• Digital process with quick approvals
• Affordable EMIs
• LTV upto 95%
CALCULATOR
Commercial Vehicle Loan EMI Calculator
Steps to apply for a loan:
There are many ways to avail a commercial vehicle loan from IDFC FIRST Bank. Here’s a list of the many ways you can do so:
1. Apply online on our website
2. Call us on our 24-hour customer care - 1800 10888
3. Walk into any of our branches
4. Contact any of our direct sales personnel
Customer Speak
Mr. Vinod (Delhi):
"Maine Tata Ace kharidne ke liye IDFC FIRST BANK se commercial vehicle loan liya tha. Tata Ace kharidne ke baad mujhe mere tent ke business mein kaafi faayda hua aur main dhanyawaad karna chahunga IDFC FIRST BANK ka ki unhone mujhe itni kam kishton mein loan diya".
Mr. Amit Soni (Mumbai, Maharashtra):
“IDFC FIRST BANK ki commercial vehicle loan suvidha se maine Maruti suzuki super carry khareedi jisse mera pharma distribution ka business kaafi badh gaya hai aur main abhi ek Maruti suzuki eeco cargo khareedne ki planning kar raha hoon jiski financing main IDFC FIRST BANK se hi karwaunga”
Mr. Piyush Rudani (Hyderabad, Telangana):
“Maruti super carry kharidne ke baad mujhe mere door supply ke business mein faayda hua hai aur iss badhotri ke liye main IDFC FIRST BANK ka shukriyaada karna chahunga ki unhone mujhe kifaayati down payment pe loan diya”.
ELIGIBILITY
Who can apply?
- Individual applicants including driver‑cum‑owners and self‑employed professionals
- Business entities such as proprietorships, partnerships, LLPs, and companies
- Transporters, fleet owners, and contractors
- Small businesses and MSMEs using vehicles or equipment for commercial purposes
Documentation
- Photo Identity and Address Proof: As per RBI defined KYC guidelines.
- Experience Proof: Driving license, registration copy of commercial vehicle owned, current account statement etc., experience letter from employer
- Income Proof: 6 months’ bank statement, ITR/audited financials for the last 2 years (if available)
- Fleet List: List of vehicles owned & supporting documents for the same (if available)
FEES & CHARGES
We believe in complete transparency—know more about our minimal and clearly explained fees and charges.
FREQUENTLY ASKED QUESTIONS
What is a Commercial Vehicle Loan?
A commercial vehicle loan is taken by an individual or institution to fund the purchase of commercial vehicles.
Which commercial vehicle finance options are available at IDFC FIRST Bank?
We offer commercial vehicle finance for the purchase of new and used commercial vehicles. We also provide refinancing options for pre-owned vehicles. We have balance transfer options too and much more.
What is Refinance on Commercial Vehicle?
Refinance on commercial vehicle is a facility through which businessmen can get a loan on their existing commercial vehicle. It allows them to get instant funds for any business need.
Do you finance the body construction as well?
The finance for body construction is extended depending upon customer’s profile and our internal policies.
Who can apply for Commercial Vehicle loan?
We offer our Commercial Vehicle Loan to any individual, proprietorship concern, partnership firm, companies (private limited & public limited), one person company, Limited Liability Partnership, trusts, societies & HUF.
How is the commercial vehicle loan interest rate charged/calculated?
The commercial vehicle loan interest rate is charged on a fixed rate basis and is dependent on the applicable scheme for a particular product.
Is a personal guarantor/co-applicant required for a Commercial Vehicle Loan?
The requirement for a guarantor/co-applicant is based on our customer’s profile and our internal policies.
Do I need to provide any security or collateral for a Commercial Vehicle Loan?
No additional collateral is required for Commercial Vehicle Loan. Vehicle financed is the primary collateral. However in case of Refinance on Commercial Vehicle, the vehicle on which the financing is extended is considered as collateral.
Why should I get a Commercial Vehicle Loan from IDFC FIRST Bank?
IDFC FIRST Bank's Commercial Vehicle Loan comes loaded with many exciting features like –
- Up to 95% on-road funding
- Hassle-free loan sanction process
- Simple documentation and faster decision process
- Longer loan tenures up to 7 years & moratorium period up to 60 days
- No hidden charges & complete transparency
- One-point contact – Dedicated Relationship Manager
- Competitive pricing
How do I approach IDFC FIRST Bank for a Commercial Vehicle Loan?/ How can I apply for an IDFC FIRST Bank Commercial Vehicle Loan?
There are many ways to avail a commercial vehicle loan from IDFC FIRST Bank. Here’s a list of the many ways you can do so:
- Apply online on our website -
- Call us on our 24-hour customer care - 1800 10888
- Walk into any of our branches
- Contact any of our direct sales personnel
What is the maximum Commercial Vehicle Loan amount I can avail from IDFC FIRST Bank?
While we offer upto 95% on road funding, our loan amount is dependent on our customer’s profile and our internal policies.
What is the commercial vehicle loan repayment tenure offered at IDFC First Bank?
IDFC FIRST Bank Commercial Vehicle Loan offers flexible repayment tenure which may vary from 12 to 84 months, depending upon customer’s profile and our internal policies.
How do I repay my commercial loan?
We offer various repayment modes for your Commercial Vehicle Loan including:
- Digital Mandate
- E Mandate
- Digital Standing Instruction (in the case of IDFC FIRST Bank account holders)
- Physical mandate/Physical Standing Instruction
Can I foreclose or prepay my commercial vehicle loan?
Yes, Prepayment of the loan is allowed. The same can be availed at a charge indicated on the schedule page of the loan agreement.
Can I sell the vehicle / asset before I repay the loan?
No, you cannot sell the vehicle / asset unless your loan account has zero outstanding.
