Poonawalla Fincorp Limited Ventures into CV Loans to Strengthen Its Secured Lending Strategy
- Loretta Dsouza
- May 30
- 4 min read
Poonawalla Fincorp Limited, a well-recognized NBFC in India, has officially launched its Commercial Vehicle (CV) Secured Loan offering. With this new addition, the company is entering the vehicle financing space to support the needs of India’s growing transport ecosystem. The move reinforces the lender’s commitment to expanding secured loan products and enhancing access to structured credit solutions across the country.
New Loan Offering for Commercial Vehicles
The newly introduced CV loan product from Poonawalla Fincorp Limited is aimed at facilitating the purchase of Small, Light, Intermediate, and Heavy Commercial Vehicles. This includes loans for both new and used vehicles from leading manufacturers, giving flexibility to customers ranging from first-time buyers to experienced fleet owners.
The lender has integrated advanced tech-enabled systems for document processing, significantly reducing approval timelines. This digital-first approach not only enhances customer convenience but also ensures accuracy and consistency in operations.
Also Read: How Poonawalla Fincorp Is Modernising Lending With Smarter Customer Support and Stronger Compliance
Initial Rollout Across 12 States
In its first phase, Poonawalla Fincorp Limited has announced plans to roll out the CV loan service across 68 locations in 12 Indian states. The expansion plan aims to reach 400 locations in 20 states using a hub-and-spoke model, ensuring wider coverage while maintaining operational efficiency.
Customers can avail loans directly from PFL, through partnered dealers, or via other intermediaries. This multi-distribution strategy helps the NBFC reach varied borrower segments, especially those engaged in transportation and logistics.
Transport Sector in Need of Efficient Lending
The transport sector in India continues to evolve, backed by rising industrial demand and the surge in online commerce. Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp Limited, mentioned that transporters require reliable and simple financing solutions. The CV loan has been designed to address these challenges by offering easy access to funds through user-friendly processes.
With the commercial vehicle industry experiencing growth due to infrastructure projects and business expansion across the country, used vehicle financing is expected to contribute significantly to this product category.
Secured Loan Portfolio Strengthened
As a reputable NBFC, Poonawalla Fincorp Limited continues to emphasize the importance of secured loan products in its portfolio. The launch of CV loans joins other secured products such as Loans Against Property and Machinery Loans, offering customers asset-backed borrowing options with transparent terms.
The CV loan initiative is aligned with PFL’s strategy to diversify within secured credit offerings and build long-term value through lower-risk lending solutions.
Highlights of Other Lending Products by PFL
PFL Prime Loan Offering
PFL Prime is a distinct offering tailored for salaried professionals with strong credit history. These loans are processed quickly, come with competitive rates, and require minimal documentation, making them suitable for those seeking premium financial services.
Education Loans
For students and parents seeking academic support, Poonawalla Fincorp Limited offers education loans that cover tuition, accommodation, and living expenses. These loans aim to make higher education accessible and affordable.
Gold Loan Services
Gold loans by PFL are an efficient way to get short-term funds by pledging gold assets. With instant disbursals and clear policies, these loans offer a secure way for families and small business owners to manage urgent needs.
Personal and Consumer Loans
The company also provides digital personal loans and consumer finance solutions that help customers handle unexpected expenses. These products are fully online, quick to process, and cater to various lifestyle and emergency requirements.
Loans for Professionals and Businesses
Professionals such as doctors, architects, and chartered accountants can apply for tailored loan packages to grow their practice or business. PFL also offers business loans to MSMEs looking to manage cash flow, buy inventory, or expand operations.
Used Car Financing
Through its pre-owned car loan product, Poonawalla Fincorp Limited enables middle-income families and working individuals to buy reliable used vehicles with structured repayment plans.
NBFCs Take the Lead in CV Financing in India
The commercial vehicle loan space in India has traditionally been led by NBFCs such as Mahindra Finance, Shriram Transport Finance, and L&T Finance. With this launch, Poonawalla Fincorp Limited has positioned itself among the key lenders in the space, providing competitive alternatives to both private and public sector banks.
NBFCs are known for their agility, market reach, and flexible policies, especially in tier 2 and tier 3 cities where many small transporters operate. PFL’s entry into the CV finance domain leverages this strength.
Key Market Trends in Commercial Vehicle Financing
Several shifts are shaping the future of CV loans in India:
Increased focus on Electric Commercial Vehicle financing
Automation in loan processing and KYC
Expansion into informal sector financing
Adoption of new emission standards like BS VI influencing buying patterns
Poonawalla Fincorp Limited is expected to align with these trends by continuously upgrading its offerings and improving service delivery.
Business Footprint and Organizational Strength
With over three decades in operation, Poonawalla Fincorp Limited has built a strong network across India. As of December 2024, it reported ₹30,984 crore in Assets Under Management (AUM) and employed over 2,560 professionals. Its presence spans 18 states and 2 Union Territories, enabling it to serve a wide and diverse customer base.
The NBFC is listed on both BSE and NSE and maintains a track record of consistent growth, digital transformation, and customer-focused innovation.
Conclusion
The entry of Poonawalla Fincorp Limited into the CV loan space marks a strategic expansion in its secured lending portfolio. As an established NBFC and responsible lender, the company continues to offer financial products that are simple, fast, and accessible. With technology-driven processes and a strong national footprint, PFL is well-positioned to support India's transporters and business owners with solutions that match their needs.
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