Car Loan
Apply Now
Car Loan
Drive home your dream car with our attractive car loan options. Whether you're looking for a new or used car, we offer financing up to 100% of the on-road price for select models. Our competitive interest rates and flexible repayment options make car ownership affordable and convenient. With quick approvals and minimal documentation, you can get behind the wheel of your chosen vehicle faster than you imagined.
Why Choose Our Car Loan?
Our car loans come with special features including interest rates starting from 7.75% p.a., zero prepayment charges after 12 months, and flexible tenure options up to 7 years. We finance all types of vehicles - hatchbacks, sedans, SUVs, luxury cars, and even electric vehicles. Enjoy exclusive deals with our partner dealerships and get additional benefits like free insurance in some cases. Our digital application process ensures same-day approval in many cases.
- Financing up to 100% of on-road price for new cars
- Loan tenure up to 7 years for maximum flexibility
- Competitive interest rates starting at 7.75%
- Special schemes for electric vehicles
With our completely transparent processing, you get no hidden charges and complete clarity on all fees. We offer doorstep service for document collection and verification. Our online portal lets you track your application status and make payments conveniently. Special schemes are available for corporate employees, professionals, and women buyers. We consider various income sources including rental income and foreign income for eligibility calculation.
Frequently Asked Questions
What are the eligibility criteria for a car loan?
To be eligible for a car loan, you should be between 21-65 years old with a minimum annual income of ₹2.5 lakh for salaried individuals or ₹2 lakh for self-employed applicants. The vehicle should be for personal use and not for commercial purposes. Your EMI/NMI ratio should not exceed 50% of your net monthly income.
What documents are required for car loan application?
For salaried individuals: KYC documents, salary slips, bank statements, and employment proof. For self-employed: KYC documents, business proof, IT returns, and bank statements. Additional documents like driving license, car quotation, and RC copy (for used cars) may be required.
What is the processing time for car loan approval?
For complete applications with all required documents, approval can be received within 1-2 working days. Disbursement typically occurs immediately after approval, allowing you to take delivery of your vehicle quickly. In some cases with pre-approved offers, you can get instant approval.
