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Drive Home Your Perfect Car

Ready to buy a new vehicle or purchase a certified pre-owned car? We secure competitive car financing schemes, high loan-to-value (LTV) ratios, and flexible repayment tenures from top lenders for you.

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Car Loan illustration

Key Features

Convenient Car Financing Solutions

Explore flexible finance choices for new and pre-owned passenger vehicles.

High Loan-to-Value (LTV)

Finance up to 85-90% of the car's ex-showroom price (and in select cases, up to 100% on-road price for salaried profiles).

  • Minimal down payment
  • On-road price funding options

Flexible Repayment Tenures

Repay your car loan comfortably over a duration of 1 to 7 years with structured EMI repayment choices.

  • Tenures extending up to 7 years
  • Stepped-up or structured EMIs

Used/Pre-Owned Car Loans

Attractive finance options for buying certified pre-owned cars, including quick verification of car status.

  • Funding up to 80% of car valuation
  • Easy transfer of ownership registration

Eligibility Guidelines

Lenders determine car loan eligibility based on regular income and debt-to-income ratios.

  • Age: 21 to 65 years at the time of loan maturity.
  • Profiles: Salaried individuals, self-employed business owners, partnership firms, and private limited entities.
  • Stable Income: Minimum income thresholds that vary by car segment and price.
  • Bureau Record: Standard CIBIL profile preferred for quick, hassle-free sanction.

Required Checklist

Provide these primary documents for verification and approval.

  • KYC Documents: PAN card, Aadhaar card, Passport, or Voter ID.
  • Income proof (Salaried): Last 3 months' salary slips, Form 16, and salary account bank statements.
  • Income proof (Self-Employed): Last 2 years' computed business ITRs, balance sheets, and bank statements.
  • Vehicle Details: Proforma invoice from dealer (new car) or car RC and valuation report (used car).

Planner

New Car Loan EMI Calculator

Estimate your monthly payments, interest cost, and amortization parameters before applying.

Loan Amount ₹10 Lakhs
Interest Rate 8.75%
Tenure (Years) 5 Years
₹20,637
₹2,38,210
₹12,38,210

FAQs

New Car Loan Frequently Asked Questions

Answers to common queries regarding vehicle finance parameters.

Banking partners usually offer funding up to 85% to 90% of the vehicle's ex-showroom price, and select premium profiles may secure up to 95% funding.
Yes, select lenders offer 100% on-road financing (which covers registration, road tax, and insurance costs) for high-salary executives or corporate clients with clean bureau records.
The car is registered with the RTO under a hypothecation notation in favor of the lending bank. Once the loan is fully paid off, the bank issues a No Objection Certificate (NOC) and Form 35 to remove the hypothecation from the RC.