Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.


A commercial vehicle loan can get you a single vehicle or a fleet of large and small vehicles for your business. In addition to traditional loan applications, the required documents for commercial vehicle loans include trade and vehicle-related details. Understanding these requirements will ensure a smooth loan application process and allow you to focus on driving your business.

Documents Required for a Commercial Vehicle Loan

Basic commercial vehicle loan documents include:

  • Duly filled application form with an attached photograph
  • 2 passport-sized photographs
  • A cheque for the processing fee
  • All KYC documents for ID, address, and age proof (Passport, PAN Card, electricity bill, rental agreement, etc.)
  • First-time buyers may need valid documents to prove relevant experience

Documents for Income Proof include:

  • Account statements for the last 6 months
  • Income Tax Returns for the last 3 years
  • For self-employed: Proof of business existence, profit and loss and balance statements for the last 3 years

Other Documents:

  • Existing vehicle ownership proof
  • Vehicle details and valuation report
  • Insurance and RC copy of the vehicle
  • Fleet list details (in the case of small, medium, or large fleet owners/operators)
  • Trade references (in the case of first-time buyers, fleet owners/operators, and experienced borrowers)
  • Property ownership proof (in the case of farmers)
  • Proprietorship declaration, partnership deed, MOA/AOA, board resolution, and 2 years of audited financials (in the case of Private/Limited companies, partnership firms, trusts, and societies)
  • Loan repayment track (if any)

Please note that additional documents may be requested depending on the policy of SMFG India Credit at the time of application.

How to Apply for a Commercial Vehicle Loan

A quick, online process makes commercial vehicle loan application easy.

Step 1: Go to the commercial vehicle loan application portal and select the purpose of the loan - Buying Truck or Working Capital on Existing Truck.

Step 2: Specify whether you are salaried or self-employed and fill in the desired loan amount.

Step 3: Fill in the personal and income details and click on ‘Apply Now’. Upload the required documents.

Step 4: Once you submit your application it will be reviewed by the customer service team. An associate will get in touch to guide you through the further process.

Step 5: After thorough verification and approval, the loan amount will be credited to your account as soon as possible.


Understanding the specific requirements of documents for commercial vehicle loans and keeping them well-prepared will save you time and effort. SMFG India Credit’s online application process and quick loan disbursal time further ease your journey. The loan amount starts at INR 1 lakh*, the interest rate is as low as 10% per annum*, and you get a flexible tenure of up to 5 years*. The commercial vehicle EMI calculator will help you to get a clear road map of the monthly installments. Apply now!

Features & Benefits

Loan Amount

Loan Amount:

SMFG India Credit’s commercial vehicle loan amount starts from INR 1 Lakh*

Easy Processing

Hassle-free loan application

We make sure your loan application process is as simple as possible with quick response time.

Wide Range of Schemes

Wide Range of Schemes

SMFG India Credit understands your needs and caters to a large and varied sector of audience.

Quick Loan Disbursal

Quick Loan Disbursal

We make sure once your loan is processed, the amount is disbursed in the quickest time possible

Convenient Repayment

Convenient Repayment

SMFG India Credit gives you the liberty to choose from a range of repayment options as per your need and convenience.

Timely Status Update

Timely Status Update

Be rest assured as SMFG India Credit makes sure you get a prompt update about your application as and when necessary

Apply for your commercial vehicles loan

in minutes!

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* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.