SIB Captive Plus - Commercial vehicle/Construction Equipment Loan

Empowering Enterprises with Smart & Seamless Financing

Every business requires timely access to funds to expand operations, upgrade equipment, and maintain financial stability. SIB Captive Plus is a tailored financial solution designed to meet these needs by offering seamless financing for commercial vehicles and construction equipment. Whether you are looking to grow your fleet, invest in machinery or fund school buses, our flexible loan solutions provide up to 100% financing, competitive interest rates and extended repayment tenures. With quick approvals and minimal documentation, we ensures you get the financial support needed to drive your business forward.

Key Features and Benefits

Up to 100% Financing

Flexible Repayment Tenure

Competitive Interest Rates

Easy Documentation

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Here are the key benefits of SIB Captive Plus Loan:

Suitable for Non-Transport Businesses - Ideal for customers with core business activities other than transport, hiring, or contract work
Versatile Financing Options - Funding available for new vehicle/equipment purchases, school bus financing, reimbursement within 3 months, and loan takeovers with scope for extended tenure
Higher Age Limit - Individuals up to 75 years at the end of the loan tenure are eligible, offering wider access
Wide Loan Range - Loan amounts from Rs. 5 lakh to Rs. 10 crore, based on business requirements
Transparent & Competitive Rates - Attractive interest rates with no hidden charges and full clarity on costs

To apply for SIB Captive Plus, applicants must meet the following criteria:

Criteria	Requirement
Age	Minimum: 21 years, Maximum: 75 years (at loan maturity)
Business/Employment Stability	Minimum 2 years in current business/profession
Residence stability	Minimum of 2 years in the current location
Credit score (Individuals)	CIBIL score of 700 or above
Credit rating (Non- Individuals)	CMR rating between 1 and 5
Financial viability	Bank will assess the borrower’s ability to meet financialcommitments

Ensure you have the following documents ready for a smooth application process:

Document Type	Required Documents
KYC Documents	Individuals - PAN Card, Aadhaar Card (borrower, co-applicant(s), guarantor(s)) Other Businesses - All applicable KYCs of the firm based on the constitution
Income Document	ITR for the last 3 years
Financial Statements	Audited Financial Statements (last 3 years)
Net Worth Statement	Required for all applicants
Loan Details	Existing loan details, EMI obligations
Bank Statements	Last 12 month's account statements (SB/CD/OD/CC)
Quotation	Quotation/Proforma invoice for vehicle/equipment
GST Returns	Latest quarterly/half-yearly returns (last 2 years)
Additional (Ifapplicable)	Proof of agricultural land ownership (for agri profiles), DSCR computation (for school bus funding), approvals confirming studentstrength

Category	Details
Interest Rates	Check Interest Rates
Additional Charges	Click here for Service Charges

Online Application:

Enter your details here and our representative will connect with you.

Offline Application:

Visit Your Nearest Branch – Discuss your business needs with our loan officer. Branch locator
Complete the Application Process – Submit the necessary paperwork for verification.
Approval & Disbursal – Once approved, funds are made available quickly.

Frequently Asked Questions

Get answers to your queries

This scheme is open to individuals, businesses, and educational institutions seeking financing for commercial vehicles or construction equipment for captive use.

Loan amounts start from Rs. 5 lakhs and can go up to Rs. 10 crores.

Yes, reimbursement is available for new assets purchased within the last three months.

Repayment periods can go up to 60 months, with flexible options for financially stable borrowers.

Applicants must be at least 21 years old, with a maximum age of 75 years at loan maturity.