Our finance schemes are easy to understand and without any hidden cost. You will deal only with our executives who are high integrity and extreme customer friendly.
WE HELP YOU FOCUS
If you are buying your first truck or expanding your existing fleet, we have finance solutions tailored as per your requirement. We at ICDL, offer loans at competitive rates for a wide range of vehicles including buses, trucks, tankers, trailers, light commercial vehicle and small commercial vehicles..
ICDL is the “Preferred Financier” across all major manufacturers in India and thousands of customers have trusted in us for our expertise and perfectly suited loan solutions.
| Particulars | Details |
| Eligible customers | Individuals, proprietorships, companies, partnership firms, trusts and societies |
| Eligible vehicles | Buses, trucks, tippers, trailers, tankers and other light & small commercial vehicles |
| Age Limit | Minimum- 24 Maximum- 65 |
| Quantum | Minimum- Rs.1 lakh Maximum- Rs.5 crore |
| Margin | Up to 100% of the chassis |
| Security | Hypothecated vehicle/Guarantor |
| Approval Duration | 2 to 5 days depending on customer’s profile |
| Interest Rate | 10% p.a. to 15% p.a. |
| Processing Fee | As per bank norms |
| Insurance | Comprehensive insurance at borrower’s cost for entire loan tenure |
| Repayment period | 2-5 years |
| Prepayment | Any time after 6 months with up to 5% of the outstanding amount |
| COMMERCIAL VEHICLE LOANS | New Vehicle Used Vehicle Purchase Finance Against Used Vehicle Eligible Vehicle Light Small Medium Heavy |
| Age | should be 21 to 60 |
| Profile | Individual Proprietorship Partnership Private Public Limited Company School Trust Society |
| Basic Documents | Photo ID race and sign proof own house proof business proof income documents bank details for 3 to 6 months existing vehicle details |
| Legal Entity Proof Documents | like partnership deeds memorandum and articles of association for company |
| Compulsory | Aadhar and PAN card |
| vehicle insurance | Fresh insurance and renewal, car and commercial vehicles |
Denounce with righteous indignation and dislike men who are beguiled
and demoralized by the charms pleasure moment so blinded desire that
they cannot foresee the pain and trouble.
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