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What is Operating Expense Loan for Transporters?

At Tata Capital, we understand the challenges of rising fuel, insurance, tyre replacement and vehicle servicing cost and their impact on your business operations. That’s why, in collaboration with leading oil companies and associate industries, we bring you a tailored Financing Solution designed to ensure seamless fleet management. With this innovative offering, you gain access to a working capital credit line that allows for cashless purchases of diesel and lubricants at BPCL, HPCL, and IOCL outlets nationwide and payment for insurance, tyre and vehicle servicing as well. Now, keep your commercial vehicles running efficiently without straining your cash flow.

Operating Expense Loan for Transporters Features & Advantages

Here’s why you should choose Tata Capital to get an Operating Expense Loan for Transporters for your business:
 

Fully Digital Process

 From application to disbursal and usage, enjoy a seamless, paperless experience for managing your operating expenses.

Cashless Purchase

Make cashless purchases of fuel or lubricants, insurance, tyres and vehicle servicing  effortlessly at any HPCL, BPCL, or IOCL outlets across India, ensuring uninterrupted fleet operations.

Flexible Credit Period

Benefit from a flexible credit period of up to 45 days, helping you manage your working capital with ease and efficiency.

Quick Credit Approval

Experience rapid processing for credit approvals and limit creation, enabling faster access to the funds you need.

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Working Capital Demand Loan

Get additional funding up and over your working capital loan. With Tata Capital Working Capital Demand Loan, you can get easy financing to pay for additional business expenses.

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Operating Expense Loan for Transporters

Get an Operating Expense Loan for Transporters to manage fuel expenses for your commercial vehicles with ease. Use this credit line for cashless purchases of fuel and lubricants, insurance, tyre and vehicle servicing at authorized fuel stations, ensuring seamless fleet operations without straining your working capital.

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Invoice Discounting Invoice Discounting

Eligibility Criteria

The precise eligibility criteria depend on several factors, such as the applicant’s age, business experience of minimum 6 months, monthly income, one year repayment track records, ownership of at least 2 commercial vehicles for minimum 6 months and credit score, among others. You can apply for a commercial vehicle loan with us to finance the purchase of a new Bus for your business. We will ask you to submit the bare minimum of documents, including your KYC documents, income proof, address proof, vehicle-related documents, property and bank statements, among others.

Popular FAQs

What is an Operating Expense Loan for Transporters?

Operating Expense Loan for Transporters is a working capital finance facility offered to Tata Capital Customers. This facility is for the purpose of buying fuel and lubricants, ty only.

How can I avail this facility?

You can click on the Apply Now button on the banner.

What else can I purchase other than diesel with this facility?

This facility is for purchasing fuel or lubricants, insurance, tyres and vehicle servicing.

How do I make the repayment?

You can make the repayment for the bill amount through the CustomerOne application, using online payment modes like UPI. Alternatively, you can also deposit your repayment in cash at the nearest TCL branch. Kindly note that the complete payment of the billed amounts should be made on or before the 15th of every month.

How many days will I get to make the repayment?

15 days from the date of bill generation. The bill for this facility will be generated on the 1st of every month for the previous month’s utilisation. Physical bills will not be sent to the customer and the bill will be made available on the CustomerOne App.

What is my billing cycle?

Your billing cycle will be from the 1st to either the 30th or 31st of the month.

I have 20 trucks. Can I avail this facility for all my trucks?

If you meet the eligibility criteria for the facility, you can avail it for any number of vehicles. You can also set limits for each vehicle separately.

Where can I see the details of my fuel purchases?

Fuel purchase details can be viewed on your CustomerOne App, under the Statement section.

What if I wish to refill my tank in the late hours of the night?

This facility can be availed 24X7.

How can I track my fuel consumption?

Every time a fuel refill is done in one of your vehicle(s), an odometer reading is captured. This helps in the easy tracking of fuel expenses.

How do I purchase fuel at the pump?

Once the money has been transferred to the fuel card, cashless payments can be made at the pump. The payment process at the pump is again highly secured and OTP-backed.

How do I recharge my fuel card?

Customers can log in on the Customer One app and submit a request for recharge. The entire control of funds is in the hands of the customer and all Fuel Facility transactions are OTP validated.

Can I withdraw money from the Cashback Offers?

Any cashback amount that you are eligible for is credited to your Fuel Card in the form of reward points, which can be redeemed only for the purchase of fuel and lubricant.

Can I fill fuel from anywhere?

Fuel can be purchased from any BPCL, HPCL, and IOCL outlet across the country.

How is interest calculated for the Fuel Facility?

Interest will be calculated based on the day-end balance, or the daily utilisation of the facility.

What are the advantages of availing the Fuel Facility?

With this facility, the customer does not have to carry cash for buying fuel, nor do they have to provide cash to their drivers for every trip. The facility enables the customers to easily purchase fuel using their smartphones through our Customer One mobile app and allows them to monitor their fuel-related expenses. Also offering various benefits like cardless transactions, cashbacks, etc., the Operating Expense Loan for Transporters helps ease working capital requirements.

What is the interest rate applicable?

For interest rate & applicable Fees / Charges, please refer our interest rate policy : Interest & Charges

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