Hinduja Leyland Finance Commercial Vehicle Finance offers you the following advantages:
• Best commercial vehicle loan for different vehicle options
• Finance for both new and second-hand commercial vehicles
• Flexible tenure of up to 60 months
• Customised financing options for individual requirements
• Simple documentation and easy processing
• Hinduja Leyland Finance Commercial Goods Vehicle Finance is a secured loan you
can avail of to buy a commercial vehicle required for your transport business.
• Hinduja Leyland Finance offers the most affordable Commercial Goods Vehicle
Finance online at attractive interest rates with flexible repayment options.
• Hinduja Leyland Finance Commercial Goods Vehicle Finance is easy to get with
simple documentation and approval, making it ideal financial support in times of
requirement for your transport business.
All types of vehicles used in the transportation of goods are covered under Commercial Vehicle Finance. This includes:
• Small Commercial Vehicles (SCV)
• Light Commercial Vehicles (LCV )
• Intermediate Commercial Vehicles (ICV )
• Medium & Heavy Commercial Vehicle (MHCV )
• Rigid Trucks and Tractor Trailer
The minimum repayment period for New Commercial Goods Vehicle Finance is 12 months and the maximum is 60 months.
You can apply for a CV loan by following the steps below:
• Navigate to the 'We Finance' section and click on 'Commercial Vehicle' on the Hinduja Leyland Finance homepage.
• Click on ‘Get in touch with us’.
• Enter your personal information and click 'Submit Now'.
• Once your enquiry is submitted successfully, a customer relationship executive will contact you shortly.
• Alternatively, you can also visit your nearest Hinduja Leyland Finance branch to avail the loan facility.
• An Individual/Firm purchasing vehicle to enter the Passenger Transport Business
• An Individual/Firm purchasing vehicle for the Expansion of Business
• An Individual/Firm purchasing vehicles to upgrade the existing fleet
• Hinduja Leyland Finance offers Loans to the following entities -
Individuals/ Sole Proprietorship Firms/Partnership Firms/Private Ltd/
Companies/Trusts/Educational Societies
You can visit any of our branches to apply, call us at 1800 202 2500, or apply online for a Hinduja Leyland Finance New Passenger Commercial Vehicle Loan. Once your enquiry is received, a customer representative will reach out to you.
All types of vehicles with a "YELLOW" colour number plate used for the transport of
passengers are considered Commercial Passenger Vehicles. This includes:
• Multi Utility Vehicles (MUV)
• Multi-Purpose Vans (MPV)
• Buses (LCV - ICV - MHCV)
Hinduja Leyland Finance Passenger Commercial Vehicle Finance is a secured loan designed to help you purchase a commercial vehicle for your transport business. It offers an affordable passenger commercial vehicle loan with attractive interest rates and flexible tenure options. The loan is quick to obtain, with simple documentation and a smooth approval process, making it an ideal financial solution whenever you need support for your transport operations.
Any machines/equipment that are used for earth moving, building roads, construction, mining, material handling, material processing, concreting are collectively called Construction Equipment or CE.
Back hoe loaders, Excavators, Crushers, Cranes, Graders, wheeled loaders, tippers & dumpers are a few examples of CE.
Caterpillar, JCB, Hyundai, SANY, Komatsu, Volvo, Tata Hitachi, Liu gong, XCMG are some of the major manufacturers who sell their CE in India.
Hinduja Leyland Finance offers easy EMI-based term loans, Operating Lease facilities to prospective CE buyers. These facilities are offered at attractive terms, simple documentation and fastest turnaround time.
Yes, HLF provides funding facilities on purchase of all types of CE sold in India. It provides funding for purchase of both new and second-hand CE.
Yes, HLF branch representatives, on best effort basis, helps its customers to select right CE at best terms from the supplier.
HLF offers very competitive interest rates at par with best NBFCs in the CE lending space. Rates are dynamic and flexible with customer credit profile, assets to be funded, loan structure & tenure of the loan.
HLF offers loan for the tenor of 12 months to 60 months, repayable in equated monthly instalments (EMI) or flexible structure that suits customer cash flow.
Yes, at Hinduja Leyland Finance we do have attractive refinance products for customers to meet their business expansion or working capital requirements.
You can apply for a CE loan by following the steps below:
• Navigate to the 'We Finance' section and click on 'Construction Equipment' on the Hinduja Leyland Finance homepage.
• Click on ‘Get in touch with us’.
• Enter your personal information and click 'Submit Now'.
• Once your enquiry is submitted successfully, a customer relationship executive will contact you shortly.
• Alternatively, you can also visit your nearest Hinduja Leyland Finance branch to avail the loan facility.
Loan application, KYC documents, your business and credit profile are basic documents. Our loan representatives will inform you of other document requirements, if any.
Tractor Loan is a type of loan offered by Hinduja Leyland Finance for the purchase of new and used tractors used in agriculture and transportation
Tractor Loans cover all types of tractors used in agriculture, industry, and transportation, including tractors, power tillers, harvesters, balers, tillers, cultivators, rotavators, and threshers.
The documents required to apply for the purchase of a used tractor loan are:
• Photo Identity - PAN Card, Aadhaar
• Address Proof - Ration Card/ Gas Connection card / Water Bill / Phone Bill
• Repayment Track in case Loans have been taken in the past
• Bank Statement for the last 3 months
• Copy of Land papers (7/12)
• RC, Insurance, Tax, copy of the Tractor against which the Loan is being applied
• All the documents should be valid on the date of application
Tractor Loan’s interest rate starts from 13% p.a.*
Loan amounts and interest can be repaid in easy monthly instalments over a period of 12 to 60 months. Repayment of the loan is determined by a number of factors, including the loan amount, income from agricultural products, net earnings (income minus expenses) from hiring businesses, and income from other sources.
The eligibility criteria for Tractor Loan are as follows:
• An individual who owns agricultural land and wishes to purchase a tractor for use on their own land.
• An individual who wishes to purchase a tractor for rental purposes
Used Commercial Vehicle Finance is a loan specifically designed to help businesses purchase pre-owned commercial vehicles such as trucks, vans, and buses. A used commercial vehicle loan is a type of loan designed to help businesses or individuals purchase pre-owned commercial vehicles, such as trucks, vans, or buses, for business-related purposes.
The process typically involves comparing offers, applying, submitting documents, getting approval and receiving loan disbursal. The process for obtaining a Used Commercial Vehicle loan generally involves selecting a vehicle, choosing a lender, submitting an application with required documents, undergoing loan assessment and approval, and finally, loan disbursement upon purchase.
The minimum repayment period for Used Commercial Vehicle Finance is 12 months and the maximum is 60 months.
The maximum loan amount typically goes up to 90%* of the vehicle's value, but can vary based on our assessment of the customer’s creditworthiness and repayment capacity.
Businesses with a stable income, good credit history, and valid business documents are eligible. Individuals, proprietorships, partnerships, private limited companies, and other business entities are eligible for Used Commercial Vehicle loans. Kindly check with a Hinduja Leyland Finance representative or visit the nearest branch.
You can apply for a Used Commercial Vehicle Loan by visiting any of our branches. Alternatively, you can call our customer care number or submit an online enquiry, and our customer representative will contact you.
Used Car Loans
A used car loan is a type of loan designed specifically for purchasing a pre-owned or second-hand vehicle.
You can visit any of our branches to apply or you can call us at 1800 202 2500 or you can apply for a Hinduja Leyland Finance Used Car Loan online, once your enquiry is received, customer representative will reach out to you.
Hinduja Leyland Finance considers different aspects before approving a Used Car Loan, such as your income, employment record, age, and other relevant factors.
The minimum age required is 21 years old, while the maximum age at loan maturity is 59 years.
The minimum tenure is 18 months and the maximum tenure is 48 months.
For both salaried and self-employed individuals applying for Used Car Loans, the eligibility criteria include a minimum age of 21 years and a maximum age of 59 years at loan maturity. The income criteria depend on factors such as the selected vehicle model, its age, and the chosen repayment tenure.
Yes, we provide loans for cars older than 10 years on select models.
You can avail up to 85% funding on used cars.
The interest rate is system-driven and offered based on the customer profile and vehicle vintage.
To apply for a Used Car Loan, you need to provide KYC documents, proof of income, bank statements, and documentation related to the ownership and insurance of the used vehicle.
The minimum loan amount is ₹1 Lakh, and the maximum is up to 85% of the used car's value.
Fees for a used car loan from Hinduja Leyland Finance include processing fees, foreclosure charge (in the instance of pre-closure), penal charges for late payments, and bounce charges for cheque bouncing (if any).
Two-Wheeler Loan
Two-Wheeler Loans are offered to purchase two-wheelers. Hinduja Leyland Finance offers loans to purchase motorcycles and scooters, both petrol and electric-powered vehicles.
An applicant with a valid PAN card who is over 21 years of age may apply for a Two-Wheeler Loan
Two-wheeler loans are available to individuals between the ages of 21 and 65
The interest rate on Two-Wheeler Loans starts at 11.5% p.a.
Loan foreclosure is possible only after paying the first six EMIs
Two-Wheeler Loans from Hinduja Leyland Finance Limited are easy to apply for, can be disbursed quickly, and require minimal documentation
A borrower can borrow a maximum of up to Rs 15 Cr based on the Income assessment, repayment capacity, and Value of the collateral (LTV).
Loan eligibility primarily depends on the income and repayment capacity of the borrower. Other factors include age, financial position, credit history, credit score and existing financial obligations.
For financial applicants/co-applicants(Borrower):
• Minimum entry age: 21 years
• Maximum age at maturity: 65 years
For non-financial applicants/property owners (co-borrowers):
• Minimum entry age: 21 years
• Maximum age at maturity: 80 years
Residential property (self-occupied or let out), commercial property (self-occupied or let out), industrial properties, and commercial or residential plots.
The minimum loan tenure is 2 years, and the maximum is up to 15 years, depending on the borrower’s age, profile, and other internal credit guidelines.
Hinduja Leyland Finance provides a range of loans and services with trained sales staff available at your convenience, including doorstep assistance for faster disbursement. To avail these services, contact our toll-free number 1800 202 2500 or visit the nearest branch.
Our products include:
• New Commercial Vehicle Loans
• Used Commercial Vehicle Loans
• Construction Equipment Finance
• Tractor Loans
• Two Wheeler Loans
• Used Car Loans
• Loan Against Property
• SME Loans
• Leasing Solutions
• Loans are available for first-time users and buyers.
• First-Time User – An individual who has no previous experience in the transportation industry.
• First-Time Buyer – An individual who has experience in the transport industry but is purchasing the vehicle for the first time.
• For the benefit of the individual buyer, the company expects him/her to at least have a basic understanding of the Transport Business and Industry.
Yes, you can repay the loan amount before the scheduled loan tenure by paying off the outstanding amount. Prepayment charges may be applicable based on the loan type and nature of closure.
There is a minimum age requirement of 18 years and a maximum age limit of 70 years. The customer's age should not exceed 70 years at the end of the loan term. If an applicant is over 70 years of age at the end of the contract, the loan can be processed with the assistance of a co-applicant who meets the age criteria, provided that the co-applicant is a close blood relative of the applicant.
The loan amount depends on the type of vehicle and applicant profile, typically up to 85%–100% of the on-road price.
Loans are usually approved within 24 to 48 hours, subject to documentation and eligibility.
Yes, Hinduja Leyland Finance offers refinancing options based on vehicle condition and borrower history.
Interest rates typically range from 9% to 36% p.a., depending on the vehicle type, loan amount, and borrower profile
In case of closure of Loan, including Pre-closure unused SPDCs will be returned along with NOC. In the event, the customer fails to collect the unused SPDCs / PDCs within 60 days, company will destroy the unused cheque without prior intimation to the customer.
As per the policy, processing fees, late payment charges and foreclosure charges
A loan foreclosure refers to the payment of the outstanding Loan amount in a single payment before the loan maturity date
Yes, you can foreclose your loan. Foreclosure charges may apply as per your loan agreement.
You can visit our nearest branch, pay your monthly loan EMIs directly, and get the receipt for the EMI payment. Locate the nearest branch to find your nearest Hinduja Leyland Finance branch.
To swap bank accounts or change your repayment method, submit a fresh set of Post-Dated Cheques (PDC) or Electronic Clearing Service (ECS) mandates to the nearest branch along with a repayment mode swapping form for the remaining instalments. Alternatively, the branch executive can collect these at your location upon prior intimation. Please note that the swap will take up to 30 working days from the date of receipt of fresh instruments; until then, the existing cheques will remain in operation for EMI clearance.
You can approach Hinduja Leyland Finance for a No Objection Certificate (NOC) if your last instalment cheque or last overdue or pre-closure amount has been paid and cleared in your bank account, and if you do not have any other loan against the same vehicle. For other types of NOC (e.g., permit change, engine & chassis change), submit a written request letter duly signed, supported by valid proofs (RC copy, engine & chassis invoice copy, etc.) at the nearest branch.
You can pay the EMI amount by cash, demand draft (DD), or cheque at the nearest branch, referring to your loan agreement number. It's mandatory to collect receipts for any payment made at the branch or with a Hinduja Leyland Finance collection executive or authorized collection agency. In case of cheque dishonour, EMI can be paid at the nearest branch along with the outstanding dues and bounce dishonour charges, or a Hinduja Leyland Finance collection executive shall visit you to collect the EMI payment along with any outstanding charges, based on your request. Please note that payments through credit card are not accepted.
We offer customer-friendly online platforms to help you repay your loan on time. You can use our website to make your loan EMI payments more straightforward and quicker. All you must do is provide your loan details and pay it through online mode.
EMIs can be paid via ECS, NACH, post-dated cheques, or online payments through the Hinduja Leyland Finance website or mobile app.
No, the due date for EMIs is fixed for all our customers
Missing an EMI can lead to penalty charges and impact your credit score. It’s advisable to inform the company in case of financial difficulty.
Processing fee, late payment charges and foreclosure charges are applied as per the policy.
• KYC documents, ID proof (Aadhaar / PAN / VID / Passport / DL / Job card issued
by NREGA)
• Address proof
• Income proof (salary slips/ITR)
• Bank statements
• Vehicle quotation/invoice
• Valid KYC Documents: Driving License, Passport, Aadhar Card, Utility Bills - Electricity / Water / Gas / Postpaid Mobile / Telephone Bill
• Valid ID Proof Documents: PAN Card, Driving License, Passport / Aadhar Card
Over the years, Hinduja Leyland Finance has developed a process that assesses the earnings from your business, and understands the income and expenses. 600 should be the minimum CIBIL score. Based on this assessment, the company determines the loan amount, the repayment period and the instalment amount of your loans. Additionally, a good credit score assists the company in making decisions regarding the offer, including the loan amount, interest rate and total exposure.
• Interest rates offered are competitive and depends on
• Loan amount
• Repayment period
Delayed payments will incur a penalty charge as per the current rate.
The loan amount will depend on asset type and the eligibility of borrower.
Minimum repayment period is 12 months and maximum repayment period is 60 months.
Post disbursal, you need to submit the Registration Certificate (RC), a copy of the insurance policy, and the invoice with the endorsement of Hinduja Leyland Finance, as applicable depending on whether you have purchased a new/used vehicle or taken a refinance on your existing vehicle. These documents should be handed over to the branch sales person for Hinduja Leyland Finance’s records.
To update your contact details, visit the local branch or head office with valid address proof such as Aadhaar Card, Driving License, PAN Card, Voter’s ID, or Passport, and submit your request
Hinduja Leyland Finance values your feedback. You can write to customercare@hindujaleylandfinance.com or call the toll-free number 1800-202-2500 for any feedback or clarifications
In order to customize our offering to suit your varied needs, we will be coming up with many marketing promotions. You will receive our mailers or telephone interactions regarding the same.
Yes, cash payments are accepted. However: Cash payments exceeding ₹1,99,000 in a single day against a single EMI are not accepted, in compliance with the Income Tax Act.
• The NOC is automatically generated post loan maturity and sent to your home
branch or dealership.
• You will receive an SMS notification once it's dispatched.
• Ensure all dues are cleared and RC details are updated in records.
You can pay the EMI amount by cash, demand draft (DD), or cheque at the nearest branch, referring to your loan agreement number. It's mandatory to collect receipts for any payment made at the branch or with a Hinduja Leyland Finance collection executive or authorized collection agency. In case of cheque dishonour, EMI can be paid at the nearest branch along with the outstanding dues and bounce dishonour charges, or a Hinduja Leyland Finance collection executive shall visit you to collect the EMI payment along with any outstanding charges, based on your request. Please note that payments through credit card are not accepted.
We offer customer-friendly online platforms to help you repay your loan on time. You can use our website to make your loan EMI payments more straightforward and quicker. All you must do is provide your loan details and pay it through online mode.
EMIs can be paid via ECS, NACH, post-dated cheques, or online payments through the Hinduja Leyland Finance website or mobile app.
No, the due date for EMIs is fixed for all of our customers
Missing an EMI can lead to penalty charges and impact your credit score. It’s advisable to inform the company in case of financial difficulty.
To repay your loan/EMI amount, kindly follow the below steps: - Navigate to the ‘Customer Care’ Tab and Click on ‘Pay your EMI’ in www.hindujaleylandfinance.com
In a moratorium, your EMIs will be deferred. This means that during the period between 1st March and 31st May 2020, no payment has to be made by the customer to HLF. Interest on the EMIs will keep accruing for the customer during this period and will be payable after the moratorium period.
Moratorium shall be applicable on all term loans outstanding as on March 1, 2020 and all such loans are eligible to claim the relaxation. The moratorium shall be applicable to all payments falling due from March 1, 2020 to May 31, 2020. HLF shall offer moratorium to all loans relating to Commercial Vehicles, Construction Equipment, Loan Against Property, Three Wheelers, Small Commercial Vehicle and Used Vehicles. In case of two-wheeler loans, the repayment schedule will continue as per the contractual terms. However, if a two-wheeler customer makes a request for moratorium, the same will be offered to him. Thus, HLF will offer moratorium on twowheelers loans based on customer preference. Link : http://connect.hindujaleylandfinance.com:86/acceptance_Moratorium/#/ In case of clarification, please contact Hinduja Leyland Finance representative
The following are ineligible/not eligible to avail moratorium:
No, a moratorium is not waiver of EMI. Customers will need to pay the entire principal with interest back to HLF. Customers just have the option of not paying in during the moratorium period.
During this difficult period, cash flows of some customers have been affected and they might not have enough funds available to pay their EMIs. Such customers may avail this moratorium. However, if a customer has sufficient cash flow to meet his needs and service the EMIs also, he may choose to pay his EMI regularly as per the normal loan schedule to avoid the accruing interest charges during the moratorium period
Yes, interest will be charged at the contractual interest rate on outstanding balance.
No, customers have the option of not availing the moratorium. HLF will contact all customers by way of SMS and all those who do not want to avail moratorium have to respond to the SMS or can give their preference on our website. Those who do not respond are automatically deemed to have opted in for the moratorium. In case you need further clarification please reach out to our local HLF representative.
No, it will not impact the credit score of the customer. As per the RBI notification dated 27th March, 2020, the rescheduling of payments will not qualify as a default in customer’s credit bureau report.
Yes. The moratorium is provided for only those EMIs due in the moratorium period (1st March 2020 to 31st may 2020). Any overdue for EMIs which were due before moratorium period will attract penal charges and no relaxation is given on that.However, for the EMIs due in the moratorium period, no penal charges will be charged and repayment will be modified as per the communication sent out to customer.
Yes. The customer can avail moratorium facility for April and May 2020 or for only May 2020.
Due to lockdown, HLF offices remains closed and hence ACH/ PDC might not have been presented. It will be done as soon as offices are open. No penal charges will be levied. Once when the lockdown is lifted and still if your PDC/ ACH is not presented, please contact HLF representative immediately. Alternatively, the customer can download our HLF connect app (only android users) and use the online payment options available for payment of dues even during the moratorium period.
During lockdown, HLF offices are closed. In such a case, after lockdown is lifted, customer can visit HLF office or can ask the representative to come for collection. The customer can also make his payment by downloading HLF connect APP (from Google Play) and pay his EMI through the APP. Alternately the customer can make payment of their EMI on line payment. For more details please contact our HLF representative.
Yes, the customer can avail moratorium for all eligible loans
Customer’s tenure of loan will get extended by the number of months moratorium is availed. For Example: If customer takes 3 months moratorium now, then the tenure will get extended by three months and customer will pay his regular EMI amount in those months. Plus, there will be interest which gets accrued due to the moratorium. That will also need to be paid by the customer. The exact details in this regard will be shared with the customer in due course.
Customers make their payments through the following modes: -
Customers are encouraged to pay their loans on time. Moratorium will be offered for unpaid EMIs only.
The customer can opt for availing moratorium for all the three months (March 2020 to May 2020) or if they have made their payment for March 2020, then for only 2 months April and May 2020 and can opt for one month of May 2020 only. However, if customers wish, they can make payments during the moratorium period as well. Please exercise the option on the link http://connect.hindujaleylandfinance.com:86/acceptance_Moratorium/#/ and choose relevant option.