l ORIX - FAQs'

Leasing / Equipment leasing

We have broadly categorised consumers into Transporters, Captive users and Education Institutions. Following are the key points considered to be elegible to avail the CV Finance:

  • Age: >=21 to <=65
  • Min. CIBIL Score varying from 600 to 650 depending on the customer category
  • With experience ranging from 2 to 5 years of industry/business experience varying from First Time User to Large Fleet Operator Category
  • Min. 2 Years of residence stability
  • Minimum 1 year repayment track of commercial vehicles and construction equipment loan or any other loan – up to 50% of a fresh loan request depending on the customer category (Captive-Non Captive)
  • Ownership of minimum 2 vehicles/assets from at least 1 year
No maximum loan amount, We fund maximum 100% of the Asset cost in case of Vehicles and equipment including registration, Insurance and Warranty cost.
Competitive lease rates
Fixed lease rates and repayments for the term of your lease. Get a quote to see how much your lease rentals and repayments will be.
ORIX being very flexible in designing leasing solutions gives an option of choosing tenure, anywhere up-to 60 months depending upon the asset class & economic life.

Loan against Property

It’s a quick capital which you avail by keeping your commercial/residential property as a collateral. Another name for Loan Against Property is a Secured Loan. The security in this kind of loan is the property owned by the person applying for the loan. The value of your property decides the amount of potential loan you will be sanctioned.

To be eligible for a Loan Against Property Finance, these are the points you need to keep in mind:

  • You need to be minimum of 25 years of age and maximum 65 years
  • Your business should have been making profit for 3 consecutive financial years
  • Your business should show a trend of Growing Turnover
  • A registered chartered accountant must audit your Balance sheet

Please refer the eligibility criteria for Loan Against Property Finance.

With ORIX, you can apply for a loan starting from Rs. 10.00 Lakhs to a maximum amount of Rs. 4.00 Crores.

Get a loan up to 70% of your property’s value with Loan Against Property Finance.

The current Loan Against Property Finance interest rates are different for different classes of borrowers and program.

The current rates are:

  • Interest rate from 12.00%-15.00% as applicable basis Borrower profile, income proof, loan amount and property
  • Mortgage Reference Rate (MRR), in connection with the Loan Against Property Finance business of the Company, has been revised to 15.10%. All mortgage loans would be linked to such reference effective from October 1, 2018. Check the Schedule of Charges for more details

Salaried individuals can select a tenure ranging from 5 to 15 years

Self-employed individuals have the option to select a tenure of up to 15 years

Your equated monthly instalments or EMIs would depend on 3 variables: the amount of loan, the interest rate charged and the tenure of the loan.

Commercial Vehicle Finance

Commercial Vehicle Finance is a secured loan one with commercial vehicle as the security, which is ensured by registration of ORIX's hypothecation with registration authority. ORIX Leasing & Financial Services Limited (OLFS) offers:

  • Purchase of New Commercial Vehicle & Used Commercial Vehicle of all categories i.e. from small to heavy Commercial Vehicles
  • Refinance on existing fleet
  • Top up Loan on running loans
  • Insurance funding to existing customer

We have broadly categorised consumers into Transporters, Captive users and Education Institutions. Following are the key points considered to be elegible to avail the CV Finance:

  • Age: >=21 to <=65
  • Min. CIBIL Score varying from 600 to 650 depending on the customer category
  • With experience ranging from 2 to 5 years of industry/business experience varying from First Time User to Large Fleet Operator Category
  • Min. 2 Years of residence stability
  • Minimum 1 year repayment track of commercial vehicles and construction equipment loan or any other loan – up to 50% of a fresh loan request depending on the customer category (Captive-Non Captive)
  • Ownership of minimum 2 vehicles/assets from at least 1 year

Commercial Vehicle Loans ranging from 80%-100% of the asset value depending on customer grading.

  • Transporter - Vary's from 15 Lakhs to 500 Lakhs for new vehicles and 10 lakhs to 500 lakhs for used vehicles depneding on the type of fleet operator
  • Captive Users -Vary's from 20 Lakhs to 200 Lakhs depending on the category of customer
  • Education Institution - Vary's from 25 Lakhs to 100 Lakhs depending on the category of customer

The rate of interest for the commercial car loan depends on various factors like customer profiles and location.

  • Transporter - Vary's from 48 to 60 months for new vehicles and 36 to 48 months for used vehicles depending on the type of fleet operator
  • Captive Users - 48 months
  • Education Institution - 60 months

Your equated monthly EMI would depend on 3 variables: the amount of loan, the interest rate charged and the tenure of the loan.

To avail a Commercial Vehicle Finance, you will need the following documents:

  • Duly filled Application Form with all details
  • KYC Document (including Age proof and ID proof)
  • KYC documents of promotors in case the firm is also a part of the contract
  • Photograph
  • Residence Proof
  • Existing vehicle ownership proof
  • Current repayment track
  • Contract copies/work order wherever applicable
  • Income Document (Audited balance sheet and profit & loss account for 2 years in case of LFO/Captive users)
  • Certified bank statements for last 6 months
  • Property ownership Document

Check the complete list of documents required.

One can easily apply to get the funding for Commercial Vehicle Finance in following three steps:

  • In the first step, enter personal details sought for such as full name as per PAN card, gender, date of birth, residential status, email.
  • In the second step, select the loan amount and loan tenure.
  • In the third step, submit the application to get a Commercial Vehicle Finance.