TrucksUp, HDFC bank renew partnership to boost vehicle financing for truckers

TrucksUp, a Gurugram-based FTL (Full Truck Load) aggregator platform, has announced the renewal of its partnership with HDFC Bank. The collaboration aims to provide comprehensive financing solutions tailored to the needs of truck owners, small fleet operators, and drivers across India.

Under the renewed agreement, HDFC Bank will continue to offer a wide array of credit options to TrucksUp’s customer base. This includes loans for the purchase of new and used trucks, as well as refinancing options for existing vehicles.

To make vehicle ownership more accessible, the partnership promises competitive interest rates and convenient equated monthly installment (EMI) schemes. This initiative is designed to alleviate the financial burden on transporters, for whom the high capital cost of purchasing vehicles often requires substantial external funding.

Sarthak Elwadhi, Co-founder of TrucksUp said, "This renewed partnership will aid more customers in getting financing for new and used trucks, along with refinancing options. We want to ensure truck owners get fair rates and easy EMIs without hassle."

By integrating HDFC Bank’s trusted financial expertise with the platform's expansive reach, the initiative creates a one-stop-shop experience. Customers can now select vehicles and secure the necessary financing in a single location, significantly reducing operational friction.

TrucksUp will facilitate the entire financing lifecycle for customers by assisting with loan documentation, financial requirement assessments, and the final loan disbursement process.