Valuation, age limits, inspection and RC checks for used truck and LCV loans.
Age and valuation
Vehicle age at the end of the loan must not exceed 15 years for trucks and 12 years for LCVs.
Lend up to 75% of the empanelled valuer's price, never the seller's price. KB-021 explains how valuers arrive at it.
Two valuations are needed above ₹15 L.
Inspection
The valuer photographs the chassis and engine numbers, the odometer and all four sides. The photographs must match the RC. A vehicle with a repainted chassis number is declined, with no exception.
RC and hypothecation
Check the RC on Vahan before sanction. Any existing hypothecation must be closed with the old lender's NOC before we disburse.
Our hypothecation must be on the RC within 30 days of disbursement. Operations chase the RTO; the branch does not release the file until it is done.
An RC transfer request after disbursement, without our NOC, is a red flag (EWS signal C6). Follow KB-022 the same day.
Collections set-up
NACH mandate mandatory. A borrower who cancels the mandate in the first 12 months is called within 24 hours (KB-011). In September and October 2026 mandate cancellations on used CV loans rose sharply across regions; the queue's "Clusters" view tracks them.