Finance that follows the earning asset
Lenders look at the operator's experience, existing fleet, route or contract visibility, past repayment record and the resale profile of the asset itself. First-time buyers and seasoned operators are assessed on very different parameters.
Both new and used asset funding is available, with tenure, margin money and rate varying by asset type, age and the lender's policy. Refinance against an unencumbered existing vehicle is another route to working capital.
We prepare the file and coordinate with the lender. Sanction, margin, rate and repayment schedule are decided by the lending institution.
The paperwork side of it
- New and used commercial vehicle funding
- Construction equipment — excavators, loaders, cranes, tippers
- First-time buyer and first-time user file preparation
- Refinance against an existing unencumbered asset
- Insurance and hypothecation documentation support
Nationalised banks and NBFCs active in asset finance
Before you sign anything
Yes, several lenders have dedicated first-time buyer and first-time user programmes, usually with a higher margin requirement or a guarantor.
Yes, subject to the age of the asset, a valuation report and the lender's policy on that asset category.
Loan products are facilitated on a referral basis. Abhilasha Wealth is not a lender and does not sanction credit. Eligibility, sanctioned amount, rate of interest, tenure and all charges are decided solely by the bank or NBFC as per its credit policy. Credit at sole discretion of the lender, subject to terms and conditions.
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Have a question about Commercial Vehicle and Construction Equipment Loan?
Call us during working hours or send a WhatsApp message. We will walk you through the documents, the costs and the process before anything is signed.