Tuesday, Mar 18 2025 | Time 16:32 Hrs(IST)
Business EconomyPosted at: Mar 17 2025 5:53PM


Poonawalla Fincorp launches commercial vehicle loan business for Bharat

Kolkata, Mar 17 (UNI) Poonawalla Fincorp Limited (PFL) has expanded its product suite with the launch of its Commercial Vehicle (CV) Secured Loan Business.
This new offering aims to bolster the essential logistics and supply chain sectors, by enhancing transportation capabilities for CV operators, according to a media statement here on Monday.
The loan covers Small, Light, and Intermediate & Heavy Commercial Vehicles from all major manufacturers, supporting both new and used vehicle purchases. Customers will also benefit from flexible, structured payment and repayment options.
As part of this launch, PFL has also introduced a technology solution aligned with its risk-first approach. The solution focuses on reducing the documentation process for customers, enabling faster turnaround time and a seamless onboarding experience. By integrating with various technology partners, the company has developed assessment framework with validation from verified sources.
With a strong focus on Bharat's tier 2 and tier 3 markets, PFL plans to initially enter 68 locations across 12 states in the first phase, with further plans to expand to 400 locations across 20 states through a hub-and-spoke model in the next phase. CV loans will be offered through direct-to-customer, dealers, and channel partners. The company has onboarded industry professionals to provide tailored financial solutions and enhance customer experiences.
Commenting on the launch, Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, said “Commercial transport sector continues to be the backbone of our growing economy. Our new Commercial Vehicle Loan directly facilitates the financial needs of transporters with streamlined processes and hassle-free documentation. It also adds clear strength to the bouquet of our secured businesses.”
India’s booming e-commerce sector, rapid industrial growth, and ambitious infrastructure development have fueled a rising demand for both new and used commercial vehicles nationwide. The used commercial vehicle segment, projected to form a significant part of PFL’s Commercial Vehicle loan portfolio, stands as a cornerstone of this initiative, driving affordability and opportunity across the transport and logistics ecosystem.
Adopting a strategic, risk-first approach, PFL not only facilitates quicker loan disbursements but also ensures that fleet owners and transporters can expand their operations with confidence and stability. The company continues to focus on simplifying lending, creating customer delight, and enhancing experiences, which are its top priorities.
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Tags: #Poonawalla Fincorp launches commercial vehicle loan business for Bharat
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