Poonawalla Fincorp Limited (PFL), a leading NBFC under the Cyrus Poonawalla Group, has expanded its financial offerings with the launch of its Commercial Vehicle (CV) Secured Loan Business. This initiative is set to enhance the logistics and supply chain sectors by providing tailored financing solutions for fleet operators and transport businesses. The loans cover Small, Light, Intermediate, and Heavy Commercial Vehicles from all major manufacturers, supporting both new and used vehicle purchases with flexible repayment options.
A key highlight of this launch is PFL’s innovative technology-driven approach, designed to simplify the lending process. The company has integrated an advanced digital solution that minimizes documentation, speeds up loan approvals, and ensures a seamless onboarding experience. With a robust risk-first assessment framework, validated through verified sources and technology partners, PFL is committed to responsible and efficient lending.
With a strategic focus on Bharat’s tier 2 and tier 3 markets, PFL is initially launching in 68 locations across 12 states. In the next phase, the company aims to expand its presence to 400 locations across 20 states using a hub-and-spoke model. CV loans will be accessible through direct channels, dealers, and channel partners, ensuring a wide reach for customers.
The demand for commercial vehicles in India is on the rise, driven by e-commerce expansion, industrial growth, and infrastructure development. The used commercial vehicle segment is expected to play a significant role in PFL’s portfolio, offering affordability and financial flexibility to transporters. By prioritizing faster loan disbursements, structured repayment plans, and customer-centric solutions, PFL empowers fleet owners to expand with confidence.
