AI-generated project report for commercial vehicle loans accepted by SBI, PNB, BOB, Canara Bank, and all PSU banks. Covers LCV, HCV, trucks, buses, taxis, e-rickshaws. With income projections, fuel/maintenance cost, DSCR, and EMI schedule.
कमर्शियल व्हीकल लोन के लिए प्रोजेक्ट रिपोर्ट — 60 सेकंड में तैयार
No credit card • 1 free report • Ready in 60 seconds
Commercial vehicle loans are the largest category of secured MSME loans in India — over ₹3.5 lakh crore outstanding across banks, NBFCs, and NBFCs. Whether you are buying your first truck, expanding a taxi fleet, or financing a school bus, a complete project report with income projections, operating costs, DSCR, and EMI schedule is required by all banks above ₹2 lakh. The report must show that the vehicle's income can comfortably repay the EMI — typically requiring DSCR ≥ 1.25.
Every report is formatted to the exact standards required by Indian banks and government departments.
Create your account in 30 seconds — no credit card needed.
Enter applicant details, select the scheme, set your loan amount.
Our AI drafts the full report with financials, projections, and CMA data in under 60 seconds.
Export PDF on the free plan (branded). Upgrade for clean exports plus Word (.docx) + Excel (.xlsx). Submit to bank or DIC office.
Trip-based income model: freight rate × trips/month × route distance for trucks and goods carriers
Taxi/school bus revenue: shifts × hours × average fare or per-seat monthly fee
Fuel cost auto-calculated: mileage × diesel rate × estimated monthly kms
Maintenance provision (tyres, service): 8–12% of revenue modelled realistically
Driver salary, helper, permit, insurance all included as per bank appraisal norms
DSCR ≥ 1.25 maintained with conservative Year 1 utilization assumptions
EMI schedule matching bank tenure (3–7 years) and interest rate
SBI (SBI Commercial Vehicle Loan), Bank of Baroda (Baroda Commercial Vehicle Loan), PNB, Canara Bank, and Union Bank of India are the top PSU lenders. Private banks like HDFC, ICICI, and Axis offer faster processing. NBFCs like Shriram Finance, Mahindra Finance, and Tata Capital specialise in used commercial vehicles. PSU banks are better for first-time buyers with a strong project report.
For a 12-ton truck: 8–12 trips/month × 800–1500 km round trip × ₹25–50/km freight rate = ₹1.5L–₹4L/month gross revenue. After fuel (₹60–80K), driver salary (₹15–25K), maintenance and insurance (₹15–20K), net income is typically ₹30K–₹80K/month. DSCR at ₹50K/month surplus against ₹30K/month EMI = 1.67 — well above 1.25.
Yes. Auto-rickshaws and e-rickshaws with total cost up to ₹10L can be financed under MUDRA Tarun. E-rickshaws may also qualify under PM E-Bus Sewa or state EV subsidy schemes reducing the loan amount. A project report showing daily trips, passengers, fare, and operating costs is required for MUDRA Tarun applications.
Standard documents: vehicle quotation from authorized dealer, KYC (Aadhaar, PAN), driving licence, route permit application, bank statements (6 months), income proof (ITR for 2 years or salary slips), project report, down payment proof. For used vehicles: RC copy, fitness certificate, valuation report. MUDRA applications need Udyam registration additionally.
Banks assess: (1) applicant's driving/business experience; (2) route and demand justification in the project report; (3) down payment availability; (4) DSCR ≥ 1.25 based on income projections; (5) CIBIL score and existing loan track record; (6) vehicle valuation (for used vehicles). A professional project report with realistic income assumptions is the key differentiator.
At 11% p.a. interest over 5 years: EMI ≈ ₹32,600/month. Over 7 years: EMI ≈ ₹25,400/month. Your monthly net income from the vehicle (after fuel, driver, and maintenance) must be at least 1.25× the EMI. For a ₹32,600 EMI, you need ≥ ₹40,750 net monthly income from the vehicle to meet DSCR ≥ 1.25.