Frequently Asked Questions

• Should I wait until I have my CDL to apply?

  You don't need to have your CDL to apply at Commercial Truck Lender. Indeed, you can use your loan to pay for training and licensing! These loans can cover any expense.

• What kind of truck can I buy with my loan?

  What kind of truck do you want? You can buy any commercial truck, work truck, or semi truck from any dealer or private seller. There is no limit to what you can use your loan for.

• I have bad credit. Am I still eligible to apply for a commercial truck loan

  Bad credit does not disqualify you from applying at Commercial Truck Lender. We don't think past mistakes should prevent you from applying to finance your dream job.

• How soon after approval will I receive the proceeds of my loan?

  Upon approval of your loan application, you can see up $40,000 deposited directly into your bank account within 2-4 business days.

• What are the rates and terms on these commercial truck loans?

  The fixed interest rates on these unsecured loans range between 5.99% and 35.36%. The loan terms are 1, 3, or 5 years - entirely your choice.

• Will applying for a commercial truck loan impact my credit score? Is there a "hard inquiry"?

  In some cases, applying for a commercial truck loan will only result in a "soft inquiry," which does not affect your credit score. Only if, after reviewing the rates and terms of your loan, you accept that loan offer will a hard inquiry be made.

• Can I review my interest rate and loan terms before committing to get a loan?

  Of course! When you apply at Commercial Truck Lender, you can review all aspects of your loan before committing. Everything is fair and upfront for your benefit.