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Looking for an easy and instant Car loan?

You are in the right place. We can help you as we have the experience and expertise. In the past we have helped many customers like you. Perhaps you're getting married, want to go on vacation or you are planning to consolidate your debt or you have an amazing investment option or are in need of some home-improvements. Treat us as your “Sathi” partner to find the best Car loan offers for you.
We will do all the hard work for you making it easy to find the best products and offers and the good news is all our services are free for our customers. Isn't it amazing to be with us?

Car loan starting from 12.75%. Grab the opportunity.

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What is Car Loan?

A car loan is a great way to drive your dream car without making the complete payment upfront. You don’t need to wait for some more months or years to buy your dream car as you can take a car loan to meet your fund requirement. Car Loans are provided by Banks and also by Non-Banking Financial Companies. Car loan providers compete among themselves for customer acquisition which is the opportunity for the car buyers, they can always negotiate with the providers for the lowest interest rate and processing fees.

Types of Car Loans

Standard Car Loan

The loan provider lends the customer the money to buy a new or used vehicle. It is the simplest of loans. As a car buyer, you need to be monetarily sound and prepared for some extra expenses. The vehicle is the security for the loan so the provider will demand it be fully insured.

Pre-Owned Car Loan

Pre-owned car market is growing in India where you can buy a certified pre-owned car from a legitimate dealer. These cars are cheaper and require less loan amount. However, getting a loan to buy a pre-owned car is a little bit difficult as compared to a new car.

New Car Purchase Loan

This type of car loan is taken to buy a new car. It is very easy to get a loan to buy a new car with minimum documentation and time.

Advantages of Car Loan: –

  • Easy availability with minimum and simple documentation.
  • A car loan can include on-road costs.
  • Agreed on monthly payments over the agreed period.
  • Low-interest rate
  • Flexible terms for time and repayments

Features of Car Loan

Easy Availability

Many financial institutions are providing a car loan to help individuals looking to drive their dream car and fulfil the dream of owning a car.

Loan Amount

Car loan amount varies as per the cost of the car. Financial institutions are offering pre-approved car loans up to 100% of the on-road price of the car, subject to a maximum of INR 20 lakh in just four hours.

Interest Rate

Car loan interest rates range from 8.60% to 11.50%, up to 15% for pre-owned cards and are negotiable based on the credit score, credit history of the customer

Loan Tenure

Car loan tenure ranges from 3 to 7 years.

Eligibility of Car Loan

Eligibility Criteria

Age21 years to 65 years
NationalityIndian
ProfessionSalaried or Self Employed
IncomeMinimum 20,000/- INR
Credit Score650+

FAQ - What Documents are Required for Car Loan

Documentation for a car loan is simple however the proper understanding of what documents are needed will help you to get the loan with ease.

Below is the guide for the documentation for the car loan:-

  • ID Proof – Driving license, Ration card, Passport, PAN Card, Voter ID, Employee ID, Bank passbook.
  • Age Proof – PAN Card, Birth certificate, Bank passbook, 10th class mark sheet, Driving license, Passport.
  • Passport size photograph of the applicant.
  • Filled in Application along with the Applicant’s photograph and signature.
  • For Income Proof.
  • Income proof for Salaried – Salary Slip of last three months, Form 16 or Income Tax Returns.
  • Income proof for Self-Employed – Income Tax Returns of last three months, Updated ITR (Income Tax Return with income computation) of 2 years or IT assessment order of last 2 years of co-borrower, Documents stating the assets and liabilities of the co-borrower