Are you looking for a commercial vehicle loan for upgrading your fleet? Do you require some added funds for undertaking a big-budget trip which your client has assigned recently? If these are related to you, then you can consider the best commercial vehicle loan at attractive rates from BabaTrucks. We are a one-stop destination to support for all your trucking needs.
What is a Commercial Vehicle Loan?
You can use the loan against commercial vehicle for the purchase of new and old automobiles like trucks, buses, tankers, and tippers. It is a credit facility primarily for transport enterprises. The entire process is swift, hassle-free, requiring minimum paperwork, and takes around seven working days for the disbursal of the loan amount. At BabaTrucks, we also arrange capital for buying tyres, fuel cost, and funding the trip at an attractive commercial vehicle loan interest rate.
What makes Commercial Vehicle Loans from BabaTrucks the Best Option?
As stated before, in addition to the purchase of commercial vehicles, Babatrucks also help you upgrade your fleet. Detailed below are the benefits of processing loan through BabaTrucks.
Purchasing New Vehicles
Transporters always look forward to upscaling their fleet-size through the addition of brand new vehicles. Purchasing the latest mini cargo carriers, long haulage trucks, tippers, and trailers helps them to achieve a new milestone in business. However, fleet owners may not have sufficient capital for this professional need. In such a scenario, commercial vehicle loans from BabaTrucks can help you obtain up to 100 per cent financing for the purchase of new automobiles.
Purchasing Old Vehicles
Some transporters may prefer buying old commercial vehicles in good working condition for running their business. Many formal financial institutions ask for lengthy processing for availing finance for old automobiles. However, in BabaTrucks, we not only help you arrange capital for this purchase but, also guide you in selecting the best truck through our experienced and highly skilled automobile experts.
The National Highway Authority of India (NHAI) has launched an electronic toll collection system in the form of a reloadable tag attached to the windscreen of vehicles. The process uses Radio Frequency Identification (RFID) technology for the deduction of tolls from the account of fleet owners. So, if you have a FASTag enabled truck, then you can breeze through toll plazas. In January 2019, IOC, BPCL and HPCL have also started selling fuel through this system. With BabaTrucks, you can also load your FASTag card for undertaking multiple long trips.
Even if you own a large fleet, you need to upgrade it from time to time by replacing worn-out tyres with advanced tubeless radials for maximum uptime of vehicles. However, availing loans from banks for buying tyres can be a challenging task. It is not the case with BabaTrucks. In addition to financing your tyre purchase, we also offer you the latest information regarding tyre specifications and the best retailers for these products.
Small scale business owners may not have sufficient fund at their disposal for carrying out long-distance trips, even if they can successfully bag an assignment. Now, you can put this worry to rest, as BabaTrucks is ready to arrange loans for accomplishing these trips. It is an excellent opportunity for budding enterprises to grow their business.
So, what are you waiting for? Call the customer care number reflected on our portal and check your commercial vehicle loan eligibility today.