Industry · 11 min read
Complete project report guide for commercial vehicle loans: truck, bus, taxi, auto-rickshaw, and goods carrier. Covers income projections, fuel & maintenance, DSCR, and documents for SBI/BOB/PNB.
How to project income for a commercial vehicle?
For goods carriers: trips/month × distance × freight rate per km. For taxis: shifts × hours × average fare (or metered km). For school buses: routes × children × monthly fee. Keep Year 1 utilization at 60–70% and ramp up. Include empty returns (dead kms) for trucks and seasonal variation.
What is the down payment for commercial vehicle loans?
Down payment (margin money) is typically 15–25% for new commercial vehicles. For used vehicles, banks require 25–35% margin. LCV (light commercial vehicles) often have lower down payments than HCVs. MUDRA can cover down payment for smaller vehicles (auto, e-rickshaw) when the total cost is within ₹10L.
Can I get MUDRA loan for a commercial vehicle?
MUDRA can finance auto-rickshaws, e-rickshaws, and small goods vehicles (e-loader, small LCV) up to ₹10 lakh under MUDRA Tarun. For larger trucks and buses, you'll need a commercial vehicle loan (term loan) from the bank. PMEGP is generally not applicable for vehicle-only loans.
What DSCR do banks need for commercial vehicle loans?
Banks typically require DSCR ≥ 1.25 for commercial vehicle loans. Since EMIs are fixed and income can vary by season and freight rate, banks look carefully at realistic income assumptions. Conservative income projections with a clear route/customer plan are essential.