About Bhoruka Classic Finance Pvt Ltd:
Bhoruka Classic Finance offer loans to pre-owned and new commercial vehicle, Passenger Car, 3 Wheeler Segment and Construction Equipment owners and/or operators in urban, suburban and rural areas in India. In addition, we provide a wide range of value added loan products. We also extend financial assistance against an existing, unencumbered free vehicle.
Our company provide loans to all profiles of customers including First Time users & First time buyers, Captive User, Driver-turned-owner, SRTO1 and SRTO 2 (2-5 Vehicles) , up to Large Fleet Operators ( LFO) at competitive interest rates and repayment terms.
Be it small or large, your commercial vehicle is precious to you. That’s why at Bhoruka we provide both Life insurance and vehicle insurance for a wide range of vehicles. Apart from CV Financing we offer Funding to purchase insurance for their CV.
We also offer customized Insurance for CV loan protection in the event of demise of the borrower. The distribution of Truck Ownership being scattered among a large number of Small Truck Operator has resulted in this very important group being missed by the Banks & institutional radar. It is estimated that 75% of trucks in the country are in the hands of these Small Operators. The inability of the bank and big organized NBFC to capture data relating to the economic activity of these informal sector has resulted in its neglect of financing to these Individuals.
We help those small operator whose capacity is not sufficient to support the credit levels required to buy a new truck hence opts for pre-owned trucks. They can be broadly categorized into Agri Based FTU, Drivers aspiring to be owner (FTB), First Time Buyer (FTU), Small Captive User (SCU), SRTO-1 (1Vehicle Owner) & SRTO-2 (2-5 Vehicle Owner). Bhoruka decided to finance this much neglected Small Truck Owner and New Entrant to buy pre-owned CV and working capital on existing free Vehicle.