Poonawalla Fincorp Enters Commercial Vehicle Loan Market

17 Mar 2025 CW Team

Poonawalla Fincorp (PFL) has launched its Commercial Vehicle (CV) Secured Loan Business to support the logistics and supply chain sectors. The offering covers new and used Small, Light, Intermediate, and Heavy Commercial Vehicles from all major manufacturers, with flexible repayment options.

PFL is initially rolling out the product in 68 locations across 12 states, with plans to expand to 400 locations in 20 states under a hub-and-spoke model. Loans will be available through direct channels, dealers, and partners, with a technology-driven onboarding process to streamline approvals.

Arvind Kapil, Managing Director & CEO, PFL, highlighted the initiative’s role in strengthening the transport sector. “Our new CV loan facilitates financial support for transporters with simplified processes and hassle-free documentation,” he said.

With rising demand from e-commerce, industrial expansion, and infrastructure development, the used CV segment is expected to play a key role in PFL’s portfolio, driving affordability and growth in the transport sector.

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