Used Commercial Vehicle Loan
Second-hand truck finance with quick valuation and repayment plans built around your trips.
Overview
Buying a pre-owned truck is often the smartest way to grow your fleet. IndoStar funds used commercial vehicles with an on-the-spot evaluation by our trained officers, so you can close the deal fast.
Even if your income documents are limited, we assess your business through bank statements, transport contracts and local references.
Features & Benefits
- Quick vehicle valuation by IndoStar officers
- Funding for vehicles up to 10–12 years old at loan maturity
- Flexible documentation for small operators
- Loans for single-truck owners and fleets
- Apply over WhatsApp in minutes
- Balance transfer of existing used-vehicle loans
Eligibility Norms
- Transport operators, drivers turned owners and fleet businesses
- Age 21 to 65 years at loan maturity
- Vehicle with valid RC, fitness and insurance
- Proof of residence or business stability
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.
Can I get a used commercial vehicle loan without income proof?
We assess cash flows through bank statements, contracts and field verification, so a formal ITR is not always mandatory.
How is the loan amount decided?
It is based on the IndoStar valuation of the vehicle, its age and your repayment capacity.