Strengthening Fleets, Powering Progress!
Askari Fleet Finance is tailored to support the growth and expansion of Small and Medium Enterprises (SMEs) operating in the logistics and transportation sector. This facility provides customised financing solutions to help businesses acquire a variety of vehicles, enabling them to upgrade and modernise their transport infrastructure. By addressing the financing needs for fleet development, Askari Bank empowers SMEs to enhance efficiency, expand delivery networks, and strengthen their role in driving trade and commerce across the country.
Apply Today to upgrade your fleet with Askari Fleet Finance.
| Sr. No | Description | Features |
| 1. | Facility Type | Term loan facility to acquire commercial vehicles for your business and passenger/private vehicles for your employees/business operations. |
| 2. | Finance Amount | The finance amount may range from Rs.1.0 M to Rs.500 M |
| 3. | Markup | Competitive Markup Rate |
| 4. | Equity (Each Vehicle) |
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| 5. | Vehicle Type* |
* The vehicle should not be more than 5 years old Note: At maturity of loan vehicle life should not exceed 10 years. |
| 6. | Security |
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| 7. | Tenure | Up to 5 years |
| 8. | Repayment | Repayment of loans by borrowers shall be made in equal monthly or quarterly installments (including insurance amount) |
| 9. | Insurance of Assets | Insurance of financed asset is mandatory as per bank policy before delivery of vehicle |
| 1. | Applicant Legal Structure | Sole Proprietor, SMCs, Partnership and Limited Companies |
| 2. | Business Age | Three years of experience in the same business line |
| 3. | Age | Min 21 & Max 60 years (Age should not exceed 65 at the time maturity of loan) If the business concern is partnership or limited company one of the partners should qualify mentioned criteria. |
Following documents are required at the preapproval stage for loan processing:
To view the flyer of Askari Fleet Finance, please click here
To view the instruction guide for Applying SME Financing, please click here
To view Frequently Asked Questions related to Askari Fleet Finance, please click here
