Poonawalla Fincorp Launches Commercial Vehicle Loan Business for Bharat

Poonawalla Fincorp Limited, a Cyrus Poonawalla Group promoted NBFC, has expanded its product suite with the launch of its Commercial Vehicle (CV) Secured Loan Business. The new offering aims to bolster the essential logistics and supply chain sectors by enhancing transportation capabilities for CV operators. 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. The company has introduced a technology solution aligned with its risk-first approach to reduce the documentation process for customers, enabling faster turnaround time and a seamless onboarding experience.