A vehicle is no longer just a luxury – for many, it is a daily necessity. Whether it is your daily commute to work or a reliable mode of transport for your family, owning a car is a priority. However, not everyone has the financial capacity to purchase a vehicle outright – and that is where our Auto Loan comes in.
We help you finance both new and used vehicles with competitive interest rates, quick approvals, and flexible EMI options that fit your monthly budget.
New Car Loan Features
- Finance up to 90% of the on-road price
- Loan tenure up to 84 months
- Competitive interest rates starting from 8.5% p.a.
- Fast approval – often same day
- Minimal documentation
- 100% paperless digital process available
Used Car Loan – Key Considerations
Buying a used car is a smart financial decision — and we make it even smarter with our Used Car Loan. Here is what you need to know:
- Loan to Value: You can get up to 70–85% of the used car’s value as a loan, depending on the vehicle’s condition, make, model, and usage
- Vehicle Age: Banks typically sanction used car loans for vehicles not older than 10–12 years
- Rate of Interest: ROI starts at 14.5% for used cars; balance transfer options available up to 150 – 200% of the outstanding amount
- Physical Inspection: If the vehicle is older than 3 – 4 years, the bank may conduct a physical inspection before sanctioning the loan
- Model Availability: Loans may be harder to obtain for discontinued car models.
Benefits of Auto Loan With Us
- Instant Disbursement
- Flexible Repayment Schedule
- Minimal Documentation
- Excellent Interest Rates
- Higher Loan Amounts for good credit profiles
- Support for both new and used vehicle financing
Eligibility Criteria
- Age: 21 to 65 years
- Salaried or Self-Employed individuals
- Minimum Monthly Income: ₹20,000
- Valid Driving Licence required
- Good CIBIL Score preferred