Car Loan
Fund your new or pre-owned car purchase with attractive financing solutions. Access competitive rates, flexible repayment options, and quick approvals with minimal documentation.
Eligibility & Documents
Ensure you meet these basic criteria and keep the required documents ready for fast processing.
Eligibility Criteria
- Resident Indian: Applicant must be a resident Indian citizen aged 21–65 years.
- Stable Income: Minimum monthly income of ₹25,000 (Salaried) or verified self-employed returns.
- Employment Status: At least 1 year of continuous employment or 2 years in business.
- Credit Score: Preferred CIBIL score of 700+ with clean repayment history.
- Vehicle Eligibility: Purchase through an authorized dealer or approved pre-owned seller.
Required Documents
- Invoice/Quotation: Proforma invoice issued by an authorized dealership.
- KYC Documents: Aadhaar Card, PAN Card, Passport, or Voter ID.
- Income Proof (Salaried): Last 3 months' salary slips, Form 16, and recent bank statements.
- Income Proof (Self-employed): Last 2 years' ITR, P&L statements, and bank statements.
- Address Proof: Utility bills, Passport, or Property Registration document.
Key Highlights
Everything you need to know about our car loan product in one quick summary.
Loan Amount
₹1 Lakh – ₹1 CroreInterest Rate
Starting 8.75% p.a.Tenure Options
Up to 7 YearsCollateral Option
Vehicle HypothecatedProcessing Fee
Starting from 0.5%Foreclosure
Part-Payment AllowedLTV Ratio
Up to 100% On-RoadApproval TAT
Quick 24-48 HoursQuick Eligibility Check
Why Customers Trust Us
We maintain 100% compliance and transparent assistance for all clients since 2017.
Multiple Bank Partners
Collaborated with leading PSU, Private banks, and NBFCs for maximum approval rates.
Transparent Process
Zero hidden charges, upfront processing details, and regular updates at every step.
Expert Loan Guidance
Experienced advisors coordinate with bank underwriters to ensure standard profile approvals.
Frequently Asked
Questions
Clear answers to common questions about car loan approvals and terms.
New car loans feature lower interest rates and higher loan-to-value (LTV) ratios (up to 90-100% of the ex-showroom price). Pre-owned car loans carry slightly higher rates, and loan amounts depend heavily on the car's age, mileage, and valuer assessment.
You can choose a flexible repayment schedule extending up to 7 years (84 months) for new cars, and typically up to 5 years for pre-owned cars.
Yes. While some lenders offer 100% funding on selected models or pre-approved profiles, most loans require a down payment of 10% to 20% of the vehicle cost.
Yes. Most banks allow prepayment or foreclosure after 6 to 12 months of EMI repayments. Foreclosure charges may apply according to individual bank policy.
Yes, adding a co-applicant (such as your spouse or parent) with a stable income source can boost your eligibility and improve approval chances.
Standard documents include proof of identity, address proof, bank statements for the last 6 months, and income proof (salary slips for employees or ITRs for self-employed individuals).