SCV, LCV & Pickup Loans
Start or grow your delivery business with a small commercial vehicle loan — first-time buyers welcome.
Overview
Pickups and small commercial vehicles power India's last-mile economy. IndoStar helps shopkeepers, traders and first-time drivers own SCVs and LCVs with minimal paperwork and EMIs that fit daily earnings.
First-Time Buyer Programme
No prior vehicle ownership? We assess your local business and references to fund your first pickup.
Check Your EMI
Use the pickup vehicle loan EMI calculator to plan your monthly payment before you apply.
Features & Benefits
- Funding for new and used SCVs, pickups and LCVs
- First-time buyer and first-time user friendly
- Low down payment options
- Quick sanction
- EMIs aligned to daily or weekly earnings
- Branch officer support
Eligibility Norms
- Age 21 to 65 years at loan maturity
- Valid driving licence or hired driver arrangement
- Local residence proof
Documents Required
KYC Documents
- PAN card
- Aadhaar card / voter ID / passport
- Recent passport-size photographs
- Address proof (utility bill or rent agreement)
Income Documents
- Last 6 months' bank statements
- ITR / GST returns where available
- Existing transport contracts or work orders (if any)
Vehicle Documents
- Proforma invoice (new vehicle)
- RC, insurance and fitness certificate (used vehicle)
- Valuation report arranged by IndoStar
Apply In Simple Steps
Share Your Details
Fill the enquiry form, call 022-50799503 or message us on WhatsApp.
Quick Evaluation
Our branch officer visits you, checks the vehicle and collects KYC documents.
Sanction & Disbursal
Get your sanction and disbursal quickly, with EMIs matched to your earnings.
Interest Rates & Fees
- Interest rates are determined by the applicant's profile, vehicle type, age and tenure, as per IndoStar's interest rate policy.
- Processing fees, documentation charges and other applicable charges are disclosed upfront in the sanction letter.
- Please refer to the Statutory Disclosure page for the schedule of charges and interest rate policy.
Frequently Asked Questions
How quickly can my vehicle loan be disbursed?
Once documents and vehicle evaluation are complete, most loans are sanctioned and disbursed within a few working days.
Can I apply if I am a first-time buyer?
Yes. IndoStar finances first-time buyers and first-time users, assessing your earning potential and local references.
What is the LCV loan interest rate?
Rates depend on your profile, vehicle and tenure as per IndoStar's interest rate policy; your officer will share the exact rate upfront.