Poonawalla Fincorp Launches Commercial Vehicle Loan Business

On March 17, 2025, Poonawalla Fincorp Limited (PFL), a part of the Cyrus Poonawalla Group and a leading NBFC focused on Consumer and MSME Lending, introduced its Commercial Vehicle (CV) Secured Loan Business. This new offering aims to support the transport and logistics industry by providing financing for small, light, intermediate, and heavy commercial vehicles, including both new and used models. Customers will have access to flexible loan repayment options tailored to their needs.

Technology-Driven Loan Process

To streamline the lending experience, PFL has implemented a technology-based solution that simplifies the documentation process. This system integrates with various technology partners, ensuring faster loan approvals and a seamless onboarding experience for customers. The risk-first approach ensures secure and efficient loan disbursals.

Focus on Tier 2 and Tier 3 Cities

PFL is targeting India’s growing Tier 2 and Tier 3 markets, launching in 68 locations across 12 states in the first phase. The company plans to expand to 400 locations across 20 states through a hub-and-spoke model. Customers can access loans through direct-to-customer services, dealers, and channel partners. PFL has also onboarded industry experts to provide customised financial solutions.

Arvind Kapil, MD & CEO of Poonawalla Fincorp, highlighted the significance of this launch, stating, “The commercial transport sector is the backbone of India’s economy. Our new loan offering is designed to meet the financial needs of transporters with easy documentation and quick approvals, strengthening our secured lending business.”

Rising Demand for Commercial Vehicles

India’s booming e-commerce sector, industrial growth, and infrastructure projects are driving demand for commercial vehicles. The used vehicle segment is expected to play a major role in PFL’s loan portfolio, offering affordable financing options for transporters.

With a focus on fast loan disbursals, risk management, and customer satisfaction, PFL aims to empower fleet owners and transporters to expand their businesses with confidence.

About Poonawalla Fincorp Limited

Poonawalla Fincorp is a non-deposit taking, systemically important NBFC (ND-SI-NBFC) registered with the Reserve Bank of India (RBI). Headquartered in Pune, it has been operational for nearly 3 decades and is listed on the BSE and NSE.

The company operates in 18 states and 2 Union Territories, with an AUM of ₹30,984 crore as of December 31, 2024, and a workforce of 2,560+ employees. It offers various financial products, including pre-owned car finance, personal loans, business loans, and machinery loans.

As of March 17, 2025, at 9:31 AM IST, Poonawalla Fincorp share price  (NSE: POONAWALLA) is trading at ₹285.45, up ₹4.10 (1.46%) for the day. The stock opened at ₹282.00, reached a high of ₹285.75, and a low of ₹281.35. 

Conclusion 

With the rising demand for commercial vehicles, Poonawalla Fincorp’s entry into this segment strengthens its secured lending portfolio, offering transporters seamless access to financial support.

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